Using the 4 hour & 1 Hour charts. I can see towards the tail end of last week the market started consolidating. However, we saw throughout the week a strong bullish trend
, as hope around COVID-19 restrictions easing and economic hope, I believe we will see some strength in the Sterling. Using technical indicators, the Stochastic
is showing the market is overbought and therefore reinforces a Sell position. You can see from my chart the Support & Resistance
zones. What do you think?