Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to raise the price of the British Pound against the US Dollar and test the resistance area near the level of 1.3735. Where can we expect a rebound again and a continuation of the fall in quotations of the British Pound against the US Dollar. The target of the fall of the pair, in the framework of the Forex forecast for October 15, 2021, is the area at the level of 1.3355.
Have a nice trade!
Have a nice trade!
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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.