Sterling has taken a battering most recently but is holding on by the skin on its teeth to the longer term ascending trend line while also holding into a key support area. We will be looking towards America's job reports including NFP and average earnings on Friday to dictate where this pair will be heading. If the trend line holds we can see some bullish price action towards key fib levels and the next area of interest or if the trend line breaks further downside.
Trade closed: target reached