💬Description: The upward trend has been developing in the pound. The medium- and long-term prospects for the currency pair are positive.
However, a downward correction is expected. There are signals for this short-term downward movement. A special role was played by Friday's sellers of the US dollar, who were unable to push down the American currency to that significant extent. This is due to limit buyers, that is, most likely at the moment they do not intend to increase the price (expecting a strengthening of the US dollar).
The appetite for this sale is small given the more global upward trend. We do not consider the target below 1.25500.
➖➖➖➖➖➖➖
🚀Thank for your BOOSTS🚀
👇Share your views and FOLLOW US👇
However, a downward correction is expected. There are signals for this short-term downward movement. A special role was played by Friday's sellers of the US dollar, who were unable to push down the American currency to that significant extent. This is due to limit buyers, that is, most likely at the moment they do not intend to increase the price (expecting a strengthening of the US dollar).
The appetite for this sale is small given the more global upward trend. We do not consider the target below 1.25500.
➖➖➖➖➖➖➖
🚀Thank for your BOOSTS🚀
👇Share your views and FOLLOW US👇
Trade active
Note
There is new idea for USDCAD🚀
Note
There is new idea for EURUSD🚀
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.
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.