Scenario 1. We break the current accumulation phase and fall in which case prepare for a drop to the 50/618 level
Scenario 2. USD weakens, Cable holds the break and heads to the 127 extension. This zone is a key level as it aligns perfectly with a series of weekly Swing lows @ 1.27893 and we all know what this level is right. Dependant on the time it takes to reach this level, we likely would arrive at a test of the upper parallel of the full Bear trend marked by the high's of June '14, April '18 and Jan '20. These are marked lighter as I dont like cluttered charts.
Price is currently holding the median parallel. Time Fibonacci places the potential for a move on Monday 6th April. Stay alert Mon/Tues. NFP may give us further clues as to what to expect for an opening move next week.
Stay Safe everyone- We will all get through this stronger, happier and wiser.