Pound is trading beneath the 200 Period MAV. Short opportunity's could be considered on any intraday rallies towards 1.25.
Target zone 1 - would be channel support at 1.2150 to 1.2200
Target zone 2 - would be the key level of 1.2000
The key level of 1.2600 would provide a good exit point (stop) to invalidate the short bias.
Target zone 1 - would be channel support at 1.2150 to 1.2200
Target zone 2 - would be the key level of 1.2000
The key level of 1.2600 would provide a good exit point (stop) to invalidate the short bias.