A ZONE OF INTREST

10 Şub 2020

As you can see price is coming into a very interesting zone on this pair. Price is currently respecting a strong previous support but the pair is inside a bigger descending triangle wedge formation.. A break of the current support 140.974 will bring us back into October and Novembers trading range and also to my zone of interest marked via the blue box... I think we will see price test this zone this week...Keeping an eye on this pair to see if we get a break or a bounce from this zone. a break of this zone could well see massive downside momentum.. All eyes now will we be on Tuesdays early European and London trading session as lots of GBP data due out and also continued risk sentiment in the markets due to Corona virus may see safe haven currencys such as the JPY in favour...