Preferred direction: SELL
Comment: For the British pound, just like for the euro, the previous short scenario worked out completely and was closed with a profit. In addition, we also continue to consider sales and, as in the case of the euro, there are two short scenarios. They differ in the depth of the potential upward correction, where, according to scenario 2, a slightly larger upward correction is expected before the fall than under scenario 1.
In both cases, the target for the fall is located at the nearest support area, at the level of 1.25000. The medium-term prospects also look more in favor of the seller, namely the update of the current local low of 1.24900, that is, we can expect a fall below this level.
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Comment: For the British pound, just like for the euro, the previous short scenario worked out completely and was closed with a profit. In addition, we also continue to consider sales and, as in the case of the euro, there are two short scenarios. They differ in the depth of the potential upward correction, where, according to scenario 2, a slightly larger upward correction is expected before the fall than under scenario 1.
In both cases, the target for the fall is located at the nearest support area, at the level of 1.25000. The medium-term prospects also look more in favor of the seller, namely the update of the current local low of 1.24900, that is, we can expect a fall below this level.
Thank you for like and share your views!
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