British currency rate will continue to rise

05.04.2021

The growth of the British currency rate was also limited to the achievement of a local maximum. But as in the case of the euro, the probability of further impulsive growth remains at a fairly high level, inasmuch as a correction that took the form of a zigzag was formed earlier.

The signal for action will be the update of the current local maximum, so you should carefully follow the development of events for the considered trading pair.

Investment idea: buy 1.3850, stop loss 1.3820, take profit 1.4100.