Preferred direction: BUY
Comment: The British currency showed resistance against the US dollar last week, but short-term weakening is not excluded (scenario №2). Medium-term prospects remain in favor of the buyer, and an approach to the level of 1.28000 is still expected.
Scenario №1 is a higher priority, but a potential short-term weakening and fall towards the level of 1.25500 is not excluded. The week will contain a huge amount of published economic data, especially from the USA. Against this background, volatility and big movements can be expected. And despite the potential short-term weakening, the buy-priority still remains in the medium term.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The British currency showed resistance against the US dollar last week, but short-term weakening is not excluded (scenario №2). Medium-term prospects remain in favor of the buyer, and an approach to the level of 1.28000 is still expected.
Scenario №1 is a higher priority, but a potential short-term weakening and fall towards the level of 1.25500 is not excluded. The week will contain a huge amount of published economic data, especially from the USA. Against this background, volatility and big movements can be expected. And despite the potential short-term weakening, the buy-priority still remains in the medium term.
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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