Price action has formed a ending formation. divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted momentum, or at least a correction lower. Rallies continue to attract sellers. There is scope for mild buying at the open but gains should be limited. We look to set shorts at our bespoke indicator level (0.9240). Bespoke support is located at 0.9090.
Our profit targets will be 0.9090 and 0.9050
Resistance: 0.9240 / 0.9255 / 0.9285
Support: 0.9192 / 0.9090 / 0.9060
No deal will happen and the market will plummet. Ive been short on GBP/USD for ages now. EUR/GBP will rise and rise and rise. And when you think its gonna stop, It will keep rising.