Despite the bullish pin bars seen during the previous trading week, the cable is yet to make any significant moves to the upper side. During this week, we still expect a momentum to the lower side. The current downward rally is the unfolding of a minor correction and should not go beyond the previous week’s lowest low. If you should see a clear buy position any time from now, then it will highly be recommended you board it with your target at 1.3352. If this target is broken, then a further rally towards 1.4231 is highly anticipated.
Trade Recommendations:
Expect a move towards 1.3352.
Do you know against which currencies GBP is the most profitable?
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