Expectations of the impulse growth of the pair remain

07.07.2021

The sharp strengthening of the dollar led to a decline exchange rate of the British currency. The price rolled back to the previously set minimums. Probably, this is a temporary reduction, which has a corrective nature. Consequently, growth is expected to resume in the near future.

The upward movement is supposed to be impulsive, so, potentially, it looks very interesting. But for a more secure entry, you should wait for the local maximum to update.

Investment idea: buy 1.3900, stop loss 1.3870, take profit 1.4000.