Opporunity for a large bearish move to commense a new down trend. rejection of suport would start new uptrend
Three rejections from weekly 38% fib retracement brexit heavily impacted decision, of the personal opinion the UK will leave with a NO deal as Parliament cannot acheive any concencus. extension unlikely in my view
curretnyl in a flag pattern, sat at major resistance during a brexit vote. positive news unlikely, strength up until now likely relief in ancipation for further weakness.
Three rejections of the weekly resistance. Corresponds with very uncertain Brexit pressure. Pound now likely to look to support leading up until Brexit. Bullish potential still on the monthly candle but not looking to buy unless resistance breaks