Reversal and prolonged decline in the pair

20.05.2021

Nevertheless, buyers are unlikely to succeed in updating the maximums of the current year and the year 2018. The beginning of the sale pushed the British currency rate down. Probably, the development of an upward impulse with a truncated wave [v] has completed. In the future, a good decline is expected, which has a corrective character.

The movement potential looks very prospectively, so it is recommended to look again at the possibility of opening sell trades.

Investment idea: sell 1.4110, stop loss 1.4130, take profit 1.3750.