The GBP/USD pair has seen the dollar maintain control of the situation. | 29 March 2024
29 March 2024, GBP/USD
In contrast to the EUR/USD scenario, no significant changes have occurred in the pair under consideration. The pound has decreased slightly under the pressure of the dollar, but it has not allowed to update the local minimum.
It then quickly returned to the starting point of this decline.
Most likely, this aimless wandering within a certain price range will continue.
The price may still try to return to the broken trend line for retesting it, after which it will start the next phase of corrective decline. In this case, deals can be opened by updating the current local low.
The investment idea is: sell 1.2585, stop loss 1.2600, and take profit 1.2400
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
