The resumption of the decline in the pair is not far off

04.10.2021

The British pound took its weakening more painfully. Desperate attempt to go back as high as possible is evidence of this. However, probably, it will eventually become only a correction within the forming wave Y. In this case, in the near future we expect a resumption of a further decline in the pair.

Consequently, sale deals look very promising, so it is worth looking closely at sales.

Investment idea: sell 1.3540, stop loss 1.3570, take profit 1.3350.