I've been closely and succesfully watching this pair this month. The price is now near the important psycho level 1.7500 and about to form a bullish bat. The GBP is extremely oversold but is showing some signs of recovery against other pairs. I expect the GBP to recover very quickly, according to the related pair GBPUSD (you can see my long term W1 analisis): tradingview.com/v/moDSlys3/ Thats why i placed three targets : target 1(short term), targest 2 and 3 (long term).
Best regards
תגובות
IvanLabrie
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Good luck going long here...looks incredibly bearish.