The decline of the pair within the correction is expected

11.11.2021

The sharp strengthening of the dollar also affected the British currency, the rate of which rapidly dipped and renewed the minimum of the current year. So far, it fits well into the limits of the supposed wave scenario, according to which a double zigzag, or rather its y-wave, is currently being formed.

In the future, it is assumed that the pair will continue to decline, during which this entire correctional wave structure will be fully formed.

Investment idea: sell 1.3410, stop loss 1.3445, take profit 1.3300.