Pound Index analysis

The Pound Index bounced back from weekly and daily viewing areas And he managed to break the order zones for a 4-hour frame with retesting .

Currently, the index is rebounding from previous flip zone areas and is trying to break an uptrend If the fracture is successful, the index is expected to fall in the short term This means that the pound is weak against most currencies .

The analysis fails to close above the current flip zones, the hour frame is broken by a full candle And that's after breaking the trend shown in the chart .