Short with GBP weakness adding to it also
Short following falling wedge as USD weakens
Currently waiting to see which direction the market moves, if good news comes out about Brexit and COVID I think it should go up but unlikely at the moment. I am waiting for it to cross-resistance before going short. Negative rates are also in the 'toolbox' so is a possibility if the economy doesn't improve.
It is currently at the top of a descending triangle and will now bounce off the resistance line
Hit the resistance line and should fall. No major news for a while so shouldn't impact it or cause a reversal. Will leave this overnight
In a downwards trend and currently at the top of the channel go short
It will soon bounce and go up target is 139.414