Looking at a possible short now the trend line
has been broken that has been support since June 2016. I will enter the trade on a pull back to the 0.84450. This could be a long term short down to 0.8000. With a stop at 0.84550 this gives around a 4:1 risk reward ratio.
If the trade plays out then intraday shorts can also be taken along the way when correlated data releases allow so.
The pound is very low at the moment so is surely due a turn around