The price has entered a correctional stage of development

17.06.2021

The British pound could not resist the onslaught of the strengthening dollar. The price has sharply passed the support level and the trend. It is possible that in this way the formation of a correction began, which promises to be quite long.

Consequently, buying may have to be forgotten. In the near future, the pair is expected to continue to decline in impulse form.

Investment idea: sell 1.3990, stop loss 1.4010, take profit 1.3800.