GBPUSD in flat – expecting the situation to change

29.11.2021

After updating the lower extremum, the price could not fall even lower. The rebound began almost immediately with testing a new minimum. At the moment, it is difficult to imagine what will happen next. On the one hand, the quotes may still continue to fall, extending the correction from the double zigzag in time, but on the other hand, this may well be enough to complete the correction and the price may rise.

In this regard, it is recommended to refrain from trading and observe what is happening from the side.

Investment idea: sideways movement.