Preferred direction: SELL Comment: The situation for the British pound is very similar to the situation for the euro. Here we also clearly continue to maintain sell-priority and continue to keep the trade short, according to the previous scenario. Within this week, we expect a fall to the level of 1.28000, and against the backdrop of the liquidation of buyers who opened long trades after the breakdown of 1.28000, we can expect a further fall below this level. In other words, we are dealing with a possible false breakout.
Scenario №2 is a backup scenario, according to which, before falling to the specified targets, the instrument will first update the local maximum at the level of 1.29000.
Additional comments on this trade will be provided as situation changes. Follow us!
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At the moment, all shorts are closed, since most likely scenario №2 will be realized.
Scenario 2 will take the stage