I know there are many experienced traders who think bearish on GBP but i couldnt see clear reason yet beside one thing global financial crisis
Anyway according to this system.
Daily
Bulls outside bar here
momentum supported at ema20 (ema crossed already)
stochs left bear zone and is moving up steady
Overall bullish divergence might be played out but only worried me long upper shadow of last candle(selling pressure)
Weekly
weekly ema14 is very strong resistance but we can notice three outside up pattern http://www.candlesticker.com/Cs62.asp past weeks
Last week drop was quite small ( have a look at stochs still moving up)
Weekly has no bias technically
Very suspicious ...
Anyway according to this system.
Daily
Bulls outside bar here
momentum supported at ema20 (ema crossed already)
stochs left bear zone and is moving up steady
Overall bullish divergence might be played out but only worried me long upper shadow of last candle(selling pressure)
Weekly
weekly ema14 is very strong resistance but we can notice three outside up pattern http://www.candlesticker.com/Cs62.asp past weeks
Last week drop was quite small ( have a look at stochs still moving up)
Weekly has no bias technically
Very suspicious ...