The pound broke from the beginning of September 2nd 4 hour downward trend line, entered a consolidation phase, above by the November 4th and November 9th highs pressing, forming the wedge finishing. Currently, it can be considered short in the 1.25300-1.25000 range, the first target 1.23500, second target 1.22300, third target 1.21 integer points, stop at 1.25500-1.26000. If the pound 1.21 is broken will have the potential to try 1.19.
Comment:
Sterling by 1.266 of the potential pressure, once again into the failure of the downstream channel, the current can be concerned about the pressure back to the 1.248-1.25 section of the test, if successful resistance, will be a good opportunity to short.
