targetting the sweep back up to 1.96 is perhaps an over-obvious option. Even the BoE wants cable trading lower, expect to close next week low!
I see GBP sharply down next week. As low as 1.91-92 On the other hand I cannot disregard appearring bullish signals on those timeframes less than a Week. I bet, though, that these signals wouldn't be of any validity since we're at the start of a long-term bear trend in the pound as I presume. That's why I stick to the former scenario not without fear considering the latter.
Hello, A bit confused at this end at the 1.9856 price that yahoo finance is showing for GBPUSD. Was there and end of day break out on friday that made the pair climb 350 pips or some news of some kind. Strangely the price on bloomberg.com is 1.9485. Any thoughts?