The pair is in a bullish trend in daily and weekly chart, anyway it has reached an important resistance during last week (around 0.927) which has hold since 2009. I think price can push down until at least 0.88 in coming weeks. The first target is 0.9085 which can be hit in 1-3 days. The volumes are not so high, it means that smart money has already entered in the market with strong positions. The retracement has stopped at 61.8% fibonacci and a bullish bat pattern might be formed, so I think that opening a short trade is the best idea. The problems for uk are: BREXIT, a possible cut in interest rates, possible new recstictions due to covid 19 cases, so do not hesitate to close your trade in loss if the price breaks the KEY AREA.
Use an appropriate money management.
Enjoy your trading!!
Use an appropriate money management.
Enjoy your trading!!