The situation is changing in favor of the dollar

08.04.2021

Fears about the future prospects of the British currency were not unfounded. The price has plunged to the current minimum, intending to update more global targets. In this case, a possible scenario will begin to be realized in the form of a correction taking the shape of a double zigzag. In this case, you should wait until the minimums of the current year are updated and enter into sell deals.

In this case, it is dangerous to act ahead of schedule, inasmuch as the price may decide to rise and turn the expected wave x into a diverging horizontal triangle.

Investment idea: sell 1.3700, stop loss 1.3730, take profit 1.3500.