By the looks of it, this pair has been making lower highs since January 2018 on the weekly timeframe
. At the moment, it’s somewhat following the trend line
. With what’s going with the UK (brexit deal) and their new strain of COVID, I doubt the Sterling is going to gain an strength anytime soon. On the daily timeframe
frame, I can see the price is pulling back to the trend line
, which coincidently is going to complete a head & shoulder pattern. That’s where I’m going to short the pair back down to the support on the weekly.