1) A completed head and shoulders pattern @ key daily resistance @ 0.86002
2) A break of the trend line will warrant short entries
3) Downside target ~ Support zone @ 0.82971
Right, here we see this pair stuck in a range for the last two months or so, manufacturing data to be released on Monday morning for GBP. We will either see this pair break through the box and reach 1.34 or retrace down to 1.31 level.
Either way, take your pick, trade after the news if you wish, however, trade safe.
