Impulse growth is expected

09.07.2021

For the pair under consideration, the situation for the implementation of the plan for the upward movement has become more complicated. The British currency is at local minimums. However, the previously formed slight decline is very similar to the correction in the form of a simple zigzag.

Then in the near future we can see an attempt to grow and this may turn out to be a good third impulse wave. But it is not recommended to rush into purchases, it is worth waiting for the update of the current local maximum.

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