The pound can weaken sharply

16.06.2021

The dollar was successful to break through the powerful defense of the British currency and is currently trying to fix the price below these defensive redoubts. A good impulse decline awaits us in case of success.

This is due to the beginning of the development of a large correction, designed to become an adequate response to the protracted impulse growth that has been forming for more than a year.

Therefore, it is worth looking closer at the possibility of opening sell deals when the current price minimum is updated.

Investment idea: sell 1.4060, stop loss 1.4080, take profit 1.3800.