GBP is loosing power mostly because of BREXIT. BREXIT will be actual in the spring when nagotiations will start. It will be very interesting period for E/G.
But in the meantime it looks that E/G reached the top and that it is in the bearish trend.
If we look on weekly we can clearly see 5 Eliot waves.
I also marked several strong S/R levels on weekly chart.
On daily we have divergency which suggests bulish retracement.
Maybe it will bounce first to 0.9 b…