The beginning of the correctional decline

31.07.2021

The British currency rate against the dollar has renewed its local maximum again. After this, the exploits of buyers will probably end for a while. Accordingly, in the future the development of a correction is expected. It is estimated that it will be deep enough to participate in this downward movement.

But it is still not worth holding on to sell deals for a long time, inasmuch as the trend is generally upward.

Investment idea: sell 1.3940, stop loss 1.3960, take profit 1.3850.