As chart If price breaks out of the below supply zone (red block below) Uptrend has momentum to continue rising But it has possibilities to meet selling pressure since there is a resistance zone that hasn't been successfully broken since 9/22 decline.
When price hits the upper supply zone and there is a "clear bearish singal" could be bearish engulfing, evening star... so on I'll consider placing short position for short term
After all, it has gone up for a while RR 1:2 but depending on the situation DXY drops and there is a new UK minister, unsure what policy he will do on currency. UK also took office as a new prime minister, and he doesn't know what policy he will have on the currency.
All are personal opinions, not investment advice, all suggestions and feedback are welcome!
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