A break of this trendline with Ada would hold a lot of psychological weight I think, especially if we can break with body and some clear momentum.
We could see this +6.8% happen during the London and New York session or I think we are likely to see Asia pull through overnight making up the needed percentage so by late Sunday is a possibility for us to break out of this downward trend.
Then our goal is to break out the £1.16 high. Ideally, find support around this level then we should have some steam behind us to make £1.34 giving us another new high inside the range before the push for £1.41 to breakout.
We could see this +6.8% happen during the London and New York session or I think we are likely to see Asia pull through overnight making up the needed percentage so by late Sunday is a possibility for us to break out of this downward trend.
Then our goal is to break out the £1.16 high. Ideally, find support around this level then we should have some steam behind us to make £1.34 giving us another new high inside the range before the push for £1.41 to breakout.