We open Buy positions for two reasons. Firstly, on the interbank lending market in London, rates on dollar loans are declining, which signals that a surplus of dollar liquidity in the financial system remains. Against this background, it will be difficult for the dollar to demonstrate a steady growth in quotations.

Secondly, the pound will be supported by the oil market, where I expect the continuation of the upward trend, inasmuch as the world’s largest economy is experiencing high demand now, the same as it was before the pandemic. The automotive season in the United States is in full swing, contributing to a reduction in black gold vaults.

Trading recommendation: Buy 1.3689/1.3660 and take profit 1.3802.