⚡️Strifor || GBPUSD-18/01/2024
Preferred direction: SELL
Comment: The pound remains the focus of sales. Despite a good attempt at recovery yesterday after the publication of economic data, the pound does not have technical and fundamental factors for growth. Therefore, most likely, the end of this week will also take place within the framework of the strengthening of the US dollar.
For this pair, active scenario №2, which we published earlier. Since we are seeing a pretty good pullback upward, there is an opportunity for a re-entry or a full new entry for those who missed this entry point. The sell-target is located at the level of 1.25000.
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Comment: The pound remains the focus of sales. Despite a good attempt at recovery yesterday after the publication of economic data, the pound does not have technical and fundamental factors for growth. Therefore, most likely, the end of this week will also take place within the framework of the strengthening of the US dollar.
For this pair, active scenario №2, which we published earlier. Since we are seeing a pretty good pullback upward, there is an opportunity for a re-entry or a full new entry for those who missed this entry point. The sell-target is located at the level of 1.25000.
Thank you for like and share your views!
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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.