⚡️Strifor || GBPUSD-06/02/2024
Preferred direction: BUY
Comment: The British pound is also expected to begin a recovery. There are also two main scenarios here, and in this case, it is best to consider both options at the same time. There is still a possibility of updating the local minimum at level 1.25279. However, buying from current ones is also relevant, since the price may fly up after rebounding from the support area of 1.25279-1.25600. We fix the target for a long trade at approximately the level of 1.26810.
Also, in the longer term, it is likely that more growth can be expected.
Thank you for like and share your views!
Comment: The British pound is also expected to begin a recovery. There are also two main scenarios here, and in this case, it is best to consider both options at the same time. There is still a possibility of updating the local minimum at level 1.25279. However, buying from current ones is also relevant, since the price may fly up after rebounding from the support area of 1.25279-1.25600. We fix the target for a long trade at approximately the level of 1.26810.
Also, in the longer term, it is likely that more growth can be expected.
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.