Thanks for the input Ivan and asg. I like your confidence in the UK. I'm sure the UK will ride this out. It's potentially damaging for both parties. I wish I could agree with the head and shoulders theory supported by asg and aarontan. It's scruffy and the higher lows don't inspire confidence.
All in all, not a great pair to trade at the moment. I'm only long because I had placed pending orders. I placed shorts, too, now expired. If we look at the weekly chart we see .8640 which I mentioned on 3rd March, is an important level. Any strong daily trading above here is bullish.
All in all, not a great pair to trade at the moment. I'm only long because I had placed pending orders. I placed shorts, too, now expired. If we look at the weekly chart we see .8640 which I mentioned on 3rd March, is an important level. Any strong daily trading above here is bullish.
Gone to a better place
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