Sellers keep chances of decline

07.10.2021

The value of the British currency has grown despite all expectations. The price climbed back into the correction range from which it flew out so quickly, but now, having returned, it is trying to gain a foothold there.

Sellers need to react to this, otherwise the price can use this situation in order to start a long impulse growth. However, according to the proposed counting, it is assumed that the correction, which will probably take the form of a double zigzag, is not completed yet and another wave of decline is expected.

Investment idea: sell 1.3590, stop loss 1.3620, take profit 1.3450.