The pound grinned lower toward 1.3030 as expected and also previously referred as a strong support area .
on the other hand, you can clearly see how the market is still trapped between 1.3315 ( resistance area ) and 1.3030 ( the support area ).so for now, it's kinda hard to only focus on one direction to follow.
with that being said, traders are most likely take short-term entries on the rebound above/below the support and resistance levels until we find a break out that range to see bigger movement in the market.
on the other hand, you can clearly see how the market is still trapped between 1.3315 ( resistance area ) and 1.3030 ( the support area ).so for now, it's kinda hard to only focus on one direction to follow.
with that being said, traders are most likely take short-term entries on the rebound above/below the support and resistance levels until we find a break out that range to see bigger movement in the market.