The Pound was generous yesterday as activated both long and short trades while failed to sustain any technical breakout. The current prices around 1.6075 are crucial levels as comprises the previous resistance of past
The pair has seen a free fall in the past few hours and all the short term technical pivots were taken out without mercy. Back to the bearish scenario, we will revive our previous recommended short position on a decisi
While to the upside, confirming any possible breakout through 0.9155 would require also to clear 0.9175 which contains Oct's important high along with 50% fib retracement of 0.9454 – 0.8889 downtrend, also the falling
(Fib 61.8% of 20.49 – 23.07 bull run) either to short the silver on a break below it or to enter subsequent long trades after confirming its role as the base of new trading range.
As mentioned above, the failure at 1.0450 prices activated a fresh bearish run and now we are monitoring how the 1.0400 barrier would act as the main support factor. We also still await the clearance of the current low
The cross has already re-tested the previous resistance around 158.30 as an emerging support which as mentioned above should boost the bulls toward higher levels. The price is hovering around the 158.90 recent high, so