Expectations of decline persist

18.11.2021

The pound was able to rise, but, probably, this is a corrective growth. It is expected in the future that the pair will decline again due to the formation of the final Y wave of the same double zigzag.

In this case, sellers will be able to update the current price minimum. You should open sell deals after the formation of a good downward wave and the price reaching the value in the 1.3430 area.

Investment idea: sell 1.3430, stop loss 1.3450, take profit 1.3300.