The pair is still bleeding since 15th of Sep. and in the meantime, the pound is trading below the 200 EMA on the 4H time frame and it's pretty much near to the minor support level at 1.3150.
a break below 1.3150 might take this market lower to 1.3030 as it carries a good amount of a support. Bigger picture, the market remains bearish as long as the pound is traded below the 50 EMA at 1.3340 as we might face a significant amount of resistance
a break below 1.3150 might take this market lower to 1.3030 as it carries a good amount of a support. Bigger picture, the market remains bearish as long as the pound is traded below the 50 EMA at 1.3340 as we might face a significant amount of resistance