• Ascending channel holding quite well
• Strong dollar is driving most pairs down
• Bears on temporary hold near the trend line support, and the 240 4-hour moving average at 1.37700
• Back in 2017, sterling went up to 1.43, few pips away from 2021 highs and then retreated back to 1.37 before going up again towards 1.44
• In technical analysis, history repeats itself. If this assumption is correct, the pair might go down to 1.37 before going up again
• Strong dollar is driving most pairs down
• Bears on temporary hold near the trend line support, and the 240 4-hour moving average at 1.37700
• Back in 2017, sterling went up to 1.43, few pips away from 2021 highs and then retreated back to 1.37 before going up again towards 1.44
• In technical analysis, history repeats itself. If this assumption is correct, the pair might go down to 1.37 before going up again
Ramzi Abou Abdallah, CFTe, CMT
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♦️ t.me/accu_trading