British Pound (update)

Thursday and Friday price action saw continued weakness, but the rising window still held as support.  You need a close below 1.5254 to nullify it.  The 100 DMA held as support on Thursday, but broke on Friday closing below.  The 50 DMA held as support on both days, but is the last of the 4 moving averages still holding as support.  We are currently trading below it early Monday morning.  This pattern is not looking good as of right now, but the key level to hold is 1.5074.  Once we break below that level, then the pattern is void.  However, we'd really like to see the currentl area hold as support and create a reversal to be confident in getting long.  If we were aggressive, we'd be long already a small position.  A more conservative entry is above Friday's high.  Finally, we could wait for a reversal bar or candlestick pattern to form before entering.