It seems everyone is looking to USD as the safe haven for the short term. However, this may changes once the 15th comes around in anticipation of another government shutdown.
If we breakout we can see an easy profit target to the upside with a bearish retracement.
200 EMA rejection. Looking for a breakdown towards 0.7125 area.
I will be long if we can break above prior resistance and EMA lings.
Even if we do see a good Brexit deal, 2019 might be a rough year for sterling.
If we do not see a break of the daily 200 EMA we are seeing rejection down to 1.3000 area for a retest of support.
Buy off of the bounce for a small win. Overall we are in a bear channel. Looking for a retest for a directional change. If we break below the 200 EMA we are likely to continue the channel.
Looking for bullish continuation. We are riding on top of a fib level with 200 EMA support on the daily and 1H. Waiting on the break to the upside wit a stop right below consolidation.
Short term retrace. Until we reach lower lows on the daily charts I am bullish.
There are a couple levels of resistance at the fib and 200.