The trend for Sterling dollar MAY be about to go into an up trend. Some moving averages are crossing which could be a good sign. I will be watching the situation with you all I am sure and will give you more feed back once the patern starts to develop.
This is meant in no way as financial advice just an observation.
It may be that currently the money markets are expecting the bank of England to raise rates due to the inflation. I am sure you are all aware of inflation right now
Any update on your predictions mate?
A complete turn around. The moving averages have crossed the other way now, we were looking like we were entering an up trend but the last three trading days have turned that around. Short term the charts not looking too good.
For those in the know on the daily chart the Parabolic SAR and MACD have both turned negative.
(This should not to be classed financial advice just a personal observation)