Currently in a continuation pattern, looking to be heading back up to point D on the XABCD, the 0.618 on the Mod Schiff, roughly satisfying an Action/Reaction price move. If it does get there, worth a short. First it needs to break above a) the sliding parallel running up off point A & the ML (red).
(There is some suggestion cross-market Yellen/Fed tomorrow Tuesday weaken the dollar, Thursday might strengthen the dollar, or cause that effect, causing Sterling to drop off. )
(There is some suggestion cross-market Yellen/Fed tomorrow Tuesday weaken the dollar, Thursday might strengthen the dollar, or cause that effect, causing Sterling to drop off. )