It is advisable to use a decrease in quotes in this currency pair to open Buy positions for two reasons. Firstly, from the opening of the European session, we can expect positive statistics on the British labor market, inasmuch as the situation with Covid-19 in Britain has stabilized, and the number of vaccinated population has already exceeded 66%, which is enough to develop herd immunity.

Secondly, a strong upward trend remains on the oil market, which will have a negative influence on the value of the US dollar. OPEC will publish a fresh oil review tomorrow, which can accelerate the upward trend in black gold, insofar as hydrocarbon reserves in the OECD countries are now well below the five-year average.

Trading recommendation: buy 1.3580/1.3555 and take profit 1.3645.