Strifor || GBPUSD-Week Starting
Preferred direction: BUY
Comment: The bullish mood this week is also typical for the pound. Here, as well as for the euro, most likely the medium-term prospects will develop in favor of the buyer. As with the euro, the first half of the week will most likely be bearish for this currency pair, and in the second half of the week we can expect a start to recovery. The time frame for the trade is 1-2 weeks.
Both scenarios are displayed on the chart with a common target at the level of 1.28000. More likely scenario №1. It should be noted that the level of 1.28000 is a serious resistance, but not as insurmountable as before. Therefore, there is a high probability that long-term prospects will fall above this level after it is broken.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The bullish mood this week is also typical for the pound. Here, as well as for the euro, most likely the medium-term prospects will develop in favor of the buyer. As with the euro, the first half of the week will most likely be bearish for this currency pair, and in the second half of the week we can expect a start to recovery. The time frame for the trade is 1-2 weeks.
Both scenarios are displayed on the chart with a common target at the level of 1.28000. More likely scenario №1. It should be noted that the level of 1.28000 is a serious resistance, but not as insurmountable as before. Therefore, there is a high probability that long-term prospects will fall above this level after it is broken.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for boost and share your views!
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