Been bearish all year. From last August or so it's pretty much been a nosedive.
We're up to an important level now, where we could see the pair trade above the 200EMA since August last year.
But we have seen enthusiasm in this pair a bit more recently. I feel as though the UK's general election did bring enthusiasm to the Pound, and I did feel as though the FTSE and GBP would gain inevitable strength if the Conservatives did stay in government.
NOTE: The candle highlighted as a bullish harami, is actually a bullish engulfing signal, I apologise for this error.
Regards
Tom
We're up to an important level now, where we could see the pair trade above the 200EMA since August last year.
But we have seen enthusiasm in this pair a bit more recently. I feel as though the UK's general election did bring enthusiasm to the Pound, and I did feel as though the FTSE and GBP would gain inevitable strength if the Conservatives did stay in government.
NOTE: The candle highlighted as a bullish harami, is actually a bullish engulfing signal, I apologise for this error.
Regards
Tom