I will be surprised if it does not respect it. The pound is also on my watchlist. COT data is showing hedge funds net short on GBP. they've been adding more short positions in past weeks. image
Hi, Am New here and saw this thread and wanted to share my ideas on my favorite pair. Got out today at about 136.360 for a nice 1 - 8 RR swing trade. I am planning to enter at a break and retest of 136.631 eying the top of that channel. image