A decline as part of the development of a double zigzag is expected

04.11.2021

There were no substantial changes in the pair under consideration over the past trading day. The pound tried to take the offensive and at first even managed to grow a little, but sales again began to slowly but surely eat up this insignificant achievement. Ultimately, the pair will probably dip even lower until it hits the current year’s minimum.

The entry level for a sell trade remains the same and is indicated in the above screenshot.

Investment idea: sell 1.3540, stop loss 1.3560, take profit 1.3380.