On the M1 & W1, we see that price just broke a key level to the downside. This tells us that we are in a down trend and will expect to take sells from lower timeframe.
On the D1, we see a double bottom that initiated a brief uptrend. This aligns with the intervention of the BoE in the bond market that strengthened the cable. But the cable is still bearish so i am expecting the bears to come in at that 0.618 fib that align with resistance.
Going into next week, i am going to be looking for weakness in the cable and selling opportunities.
On the D1, we see a double bottom that initiated a brief uptrend. This aligns with the intervention of the BoE in the bond market that strengthened the cable. But the cable is still bearish so i am expecting the bears to come in at that 0.618 fib that align with resistance.
Going into next week, i am going to be looking for weakness in the cable and selling opportunities.