The pound seeks to new heights

29.03.2021

The pound, as usual, is in a hurry somewhere. While another wave of decline is still expected for the euro, growth is in full swing here. Meanwhile, wave [c] looks fully formed. If you look closely, you can see an impulse with an extended fifth wave.

Consequently, further growth is expected to continue, but only after a slight correctional decline. In this regard, it is recommended to buy at the update of the current local maximum passing at the value of 1.3815.

Investment idea: buy 1.3815, stop loss 1.3780, take profit 1.3900.