Comments on the chart
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Price has closed below the sideways channel. This is a sign of weakness and an inability to sustain the upmove. So I am still bearish
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Nice downmove. Did the 'buy the rumour sell the fact' price action play out here?
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Price is practically at the same price point as when the idea was published. There is a bit of DXY bearishness coming in which could threaten this idea but UK has its own problems as well. however for this idea to continue to be in play we need some sizable downside price action to play out. Tenterhooks here...
Price is almost below the 21 and 50 EMAs
Possible bearish signs