Waiting for the pound at 1.40

15.02.2021

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Daily chart: the pair is demonstrating confident growth against the background of the trend state of the ADX indicator. The pressure of the bulls is huge, so a strong puncture of the psychological level of 1.40 cannot be ruled out.

Н4: the local upper Bollinger envelope has been broken, which allows considering buy deals from the 1.3861 zone in the 1.4000 direction.

Н1: by the time of this review, the bulls have confirmed good momentum, ready to attack the upper Bollinger band (1.3916). Therefore, we expect growth to 1.40 and higher.

Conclusions: growth to 1.40 and higher.
Trading decisions: purchases to 1.40 and above.