Preferred direction: BUY Comment: The pound, like the euro, worked out the trading idea that we published at the beginning of the week. However, the growth most likely will not end there, and one can also wait for another jump upward towards the level of 1.25500. If the price fixes above the level of 1.25000 on the daily chart, we can even talk about growth towards the level of 1.28000.
For a short-term trade, we are considering two scenarios, where scenario №1 is growth from current prices, and scenario №2 is growth after a slight pullback downward towards the level of 1.24000.
Additional comments on this trade will be provided as situation changes. Follow us!
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