Strifor || GBPUSD-Week Starting
Preferred direction: BUY
Comment: The British currency continues to struggle at the level of 1.25000, and despite everything, so far everything is working out more in favor of the buyer. The week is filled with events and here, just like in the euro, you need to be ready to change your original plan.
The most likely scenario is a breakout of the level of 1.25346 and further growth to the level of 1.26000 (scenario №1). Today, the goals are modest against the backdrop of the upcoming Fed meeting, after this event, in the event of a positive outcome for the main competitors of the US dollar, it will be possible to count on growth to 1.28000. Scenario №2 will become more active if the US dollar strengthens against the backdrop of upcoming events, but medium-term purchases in this case will be relevant.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The British currency continues to struggle at the level of 1.25000, and despite everything, so far everything is working out more in favor of the buyer. The week is filled with events and here, just like in the euro, you need to be ready to change your original plan.
The most likely scenario is a breakout of the level of 1.25346 and further growth to the level of 1.26000 (scenario №1). Today, the goals are modest against the backdrop of the upcoming Fed meeting, after this event, in the event of a positive outcome for the main competitors of the US dollar, it will be possible to count on growth to 1.28000. Scenario №2 will become more active if the US dollar strengthens against the backdrop of upcoming events, but medium-term purchases in this case will be relevant.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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