The pound is on the rise, but it is already scary to buy

22.02.2021

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The considered pair, unlike the euro, does not allow sellers to make a good corrective decline. The British currency rate regularly updates its maximum, continuing its confident upward movement.

Meanwhile, the supposed wave structure in the form of a diagonal triangle looks complete, but it is not very comfortable to sell yet. In this situation, it is recommended to wait for the lead-in impulse decline and look for opportunities for selling on correction.

Investment idea: flat.