GBPUSD – Pound coped with the pressure

14.02.2024

With the British pound, the trick done by the dollar with the euro did not work. The growth that started was stopped abruptly, but it was not possible to sell the price below the local minimum. Thus, the chances for realization of the previously considered upward scenario remain.

But before the expected growth, sellers will probably make one more attempt to decrease. If this does not happen, then at the level of 1.2650, it will be possible to consider again the possibility of making buy deals.

The targets remain the same, it is at least an update of the current high.

Recommendations: Buy 1.2650, SL 1.2615, TP 1.3000.