Very good contribution. Yes, I like your scenario analysis: either 'a bounce off' the level or 'a breakout from it'. And you give a good technical reason. Thank you for the contribution.
Trade safe and prosper.
KP
Trade safe and prosper.
KP
Disliked{quote}...That level 18850 is almost the fri PB high and very well could be a bounce off level. I Think it's either that or breakout of that area to possibly test the 1.20000 (breakout to new lows for GBP now could serve as a Resistant lev) levels coincide with fib 38% level accounting the pandemic duration trend. Remains to be seen...{image}Ignored
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