Given the news info, we have seen huge drops in the GBP over the last week. Now, considering the Daily Fib from most recent low to most recent high, it seems that price is approaching the beginning of the Golden Zone. Additionally, price is also approaching the Daily uptrend line. Judging from what price does around this area, we will have our confirmation for the direction to take a trade. My theory is that price could reject this trend line and then head back up to the above horizontal structure as it has done in the past. However, if there is more bad news, and if price breaks and retests on the bottom side of this trend line,we could be in for another huge downfall on GJ.
Halifax HPI, CB Leading Index, RICS House Price Balance, and BRC Retail Sales