The pair hit the 1.23 twice, however the retracement wasn't hard enough. The pair is gaining momentum, shown by the increase in the bb width, furthermore the pair seems to be trending higer, therefore I think there's a high likelihood of a breakout.
Furthermore the 10 SMA crossover with the 100 SMA, signalling a change in momentum.
Chance to go long whenever the ...
I'm thinking about shorting the sterling, because of the formation of a double top technically. Furthermore sentiment on the pound is low. If the price goes below the daily R2 at 1.22371. Then ill short the pair