Soon the British currency will fall in price

19.01.2021

For the pair under consideration, the decline did not have time to develop so much to talk about its impulsive nature. A rebound occurred by reaching the lower generatrix of the diagonal. Presumably, it is corrective in nature. In this case, the pair is expected to resume decline in an impulse style in the near future.

The movement potential is pretty good, so it is recommended to look closer at the possibility of opening sell trades.

Consequently, trading parameters may look as follows: sell 1.3600, stop loss 1.3630, take profit 1.3350.