Yesterday the pound broke the technical pattern, as we mentioned in our previous articles. Below 1.6129 fractal we could observe the breakdown of that so far proved to be a downtrend.
According to the graph we can see the weekly support and daily fractal 1.5950.
It seems likely that sterling continues falling sharply. So if you want to buy a pair, it is not recommended to do it now. You can do it when the pair will be on the level of 1.5990. As concerns selling positions, keep the key level of 1.60.
Commodity indicator shows the continuation of the bearish trend for the next few hours.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.