GBP has to choose direction MN pressured

16 thg 8, 2021

We are shy 10-17$ away from tp (15_200pips)For bulls

Recommend:this is not for small accounts and do research before taking
I provided small SL for the near term so beyond that is your own risk management

The initial target MN for buyers were 1.50_1.55

°yellow big zone is a potential touch to rebound
The triangle should break MN the buy will happen, technically if it dips back into the trend it will sell back to lows achieved but not fully due to price being capped at the bottom by banks

So I don't know where I was when they said Brexit had a deal. To me that shit impossible for the certainty of it lacks everytime Brexit is brought into the equation.

Therefore it's Covid and the news of them working towards a deal with EU that ignited the burst

Weekly we have both indications of indecision
Any break of the highs and lows made will contineu movement

1.38750 should hold daily closes and gains above

1.3900-139600is protecting the topside
1.41750 which if broken can open the top highs seen

Near term
-sell will continue with the break of 1.37800 of so that will be near term sellers target
Anything below 1.3220-1.30 is bears indication that they here to stay and we'll target again old lows if USD continued to strengthen due to inflation 💸 printed (loaners)
Target =1.34flat

Initial bear MN target 1.1111