Preferred direction: BUY Comment: The British currency showed resistance against the US dollar last week, but short-term weakening is not excluded (scenario №2). Medium-term prospects remain in favor of the buyer, and an approach to the level of 1.28000 is still expected.
Scenario №1 is a higher priority, but a potential short-term weakening and fall towards the level of 1.25500 is not excluded. The week will contain a huge amount of published economic data, especially from the USA. Against this background, volatility and big movements can be expected. And despite the potential short-term weakening, the buy-priority still remains in the medium term.
Additional comments on this trade will be provided as situation changes. Follow us!
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.