Preferred direction: Neutral
Comment: The pound is also taking advantage of the momentary weakness in the dollar and is recovering slightly against this background. The price will most likely reach the level of 1.22370, at which we will most likely have to wait for the short entry point again. However, the second scenario is also not excluded, in which the level will be broken upward. But even in this case, the priority of sales is stronger, thus we can assume the formation of a false breakout and the resumption of the fall in the direction of the medium-term trend.
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Comment: The pound is also taking advantage of the momentary weakness in the dollar and is recovering slightly against this background. The price will most likely reach the level of 1.22370, at which we will most likely have to wait for the short entry point again. However, the second scenario is also not excluded, in which the level will be broken upward. But even in this case, the priority of sales is stronger, thus we can assume the formation of a false breakout and the resumption of the fall in the direction of the medium-term trend.
Thank you for like and share your views!
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.