15 oct deadline, France shown unhappiness on fishing dispute. Political uncertainty have weigh on the cable.
50SMA low on 4H with nice gradient (BUY)
1H candle view bears taking profit but no signs on bulls yet.
1D chart ( bullish setup)
volume has seen slowing down, the downward movement seen to be weak for now.
Depends on the type of trader, swing trader may consider 1.28 and lower to cover and go long from now on. The spike may be huge if there is positive news on the deal.
I personally prefer to buy on the dip for this pair , if you find a good price, long is preferred. As Reward may be sweeter than the risk.
50SMA low on 4H with nice gradient (BUY)
1H candle view bears taking profit but no signs on bulls yet.
1D chart ( bullish setup)
volume has seen slowing down, the downward movement seen to be weak for now.
Depends on the type of trader, swing trader may consider 1.28 and lower to cover and go long from now on. The spike may be huge if there is positive news on the deal.
I personally prefer to buy on the dip for this pair , if you find a good price, long is preferred. As Reward may be sweeter than the risk.