This is a long term short idea as I am using the daily chart.
Just like the EURUSD this pair is testing their major resistances and I don't see any significant news that would take these pairs into new highs.
What I am waiting for is a reversal candle, like a doji or engulfing candles along with the RSI divergence.
Cheers!
Komen
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Gained around 120% on my porfolio with this trade idea.
exciting week ahead for GBP as the deadline for a brexit deal is nearing also an above expectation non-farm payroll in the US by friday will surely hurt the british pound.