Sellers gave up the initiative again

06.07.2021

The British currency rate continued to grow and there was almost no chance for the previously proposed bearish scenario to come true. Probably, the price will continue to grow steadily in the future. Earlier, the formation of the correction, which took the form of a double three, was probably completed.

Growth is supposed to be in an impulse form, so a protracted upward movement is expected.

Investment idea: buy 1.3895, stop loss 1.3870, take profit 1.4000.