Otherwise, if we can break above the top of the range for the week, then I believe the buyers are going to try to push this market towards 1.35 handle.
The British pound has been very noisy during the week as well, initially trying to rally but then broke down significantly. I think that the market continues to go lower, and a break down below the hammer from a couple of weeks ago frees the market to go down to the 1.30 level.
Otherwise, if we can break above the top of the range for the week, then I believe the buyers are going to try to push this market towards 1.35 handle.