The decline in the pair will be resumed

05.10.2021

Although the British pound looks much more confident than the euro, it still faces the same fate. The observed upward rebound of the price is probably corrective, which means that soon we are expecting a resumption of the downward movement.

This is due to the development of the Y wave, the supposed double zigzag. Therefore, it is worth looking closely at the possibility of entering sell trades at current market prices.

Investment idea: sell 1.3580, stop loss 1.3600, take profit 1.3400.