The Pound-Dollar took a dive last week with renewed optimism in the US Dollar. This comes as a continuation of the bearish trend that has been prominent over the second half of the year. With the recent break below the key level of 1.36000, a successful test of this level will confirm a bearish continuation.
- A successful test at 1.36000 will be a key sell zone for traders.
- On the other hand, should the price break above 1.36000, bulls will be looking for a short term buy opportunity.