Last week, we expected the British Pound to start a bullish move that has the potential to reach the resistance area. Instead, the price ranged the whole trading week. In this context, we incline towards a bullish move that started and we see this sideways move as a correction that will trigger a future bullish move in the price. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.