Strifor || GBPUSD-Week Starting
Preferred direction: BUY
Comment: The British currency is also looking more for a buy this week, despite the escalation in the Middle East. It was against this backdrop that the American currency strengthened its position, since it is the US dollar that buys the safest asset today, namely US bonds.
We identified the most likely scenario as growth from the current prices (scenario №1), and the update of the current local minimum already corresponds to scenario №2. For now, we have the growth target at the level of 1.25346.
Additional comments on this trade will be provided as situation changes. Follow us![/I]
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Comment: The British currency is also looking more for a buy this week, despite the escalation in the Middle East. It was against this backdrop that the American currency strengthened its position, since it is the US dollar that buys the safest asset today, namely US bonds.
We identified the most likely scenario as growth from the current prices (scenario №1), and the update of the current local minimum already corresponds to scenario №2. For now, we have the growth target at the level of 1.25346.
Additional comments on this trade will be provided as situation changes. Follow us![/I]
Thank you for like and share your views!
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