Strifor || GBPUSD-Mid-term view
Preferred direction: BUY
Comment: The previous medium-term trading idea for the pound worked out very quickly against the backdrop of the publication of CPI data. By the end of the week, longs are already being considered more as part of a small upward corrective movement. The price is trading just above the 1.25000 level, which is significant support. We can expect various kinds of manipulations at this level (scenario №2), but most likely the buyer will still be able to push the price higher towards the level of 1.26000. The most likely scenario №1 assumes an increase from the current maximum prices.
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Comment: The previous medium-term trading idea for the pound worked out very quickly against the backdrop of the publication of CPI data. By the end of the week, longs are already being considered more as part of a small upward corrective movement. The price is trading just above the 1.25000 level, which is significant support. We can expect various kinds of manipulations at this level (scenario №2), but most likely the buyer will still be able to push the price higher towards the level of 1.26000. The most likely scenario №1 assumes an increase from the current maximum prices.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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