1. Price broke below trend-line
2. Previous week closed bearish
3. Brexit disagreements and possible sanctions from the EU is a knock for the British economy.
*What Next*
- Observe price action, if price fails to break above the support level we could see more bearish action. Level has already been tested twice on the 1h TF. Also monitor fundamentals regarding BREXIT.
- Possible retest to 136.565 level before bearish Break out
2. Previous week closed bearish
3. Brexit disagreements and possible sanctions from the EU is a knock for the British economy.
*What Next*
- Observe price action, if price fails to break above the support level we could see more bearish action. Level has already been tested twice on the 1h TF. Also monitor fundamentals regarding BREXIT.
- Possible retest to 136.565 level before bearish Break out