Hourly

My expectations of yesterday for the pound didn’t come off. The euro/pound cross pushed the pound to the 315th degree with its growth. I’ve not seen anything like how the pound fell to 315 degrees without a rebound for a long while. What usually happens is a fall to the 135th and then a rebound by 45 degrees.

The second attempt is to assess the correction. The euro/pound cross is trading by the U3. I think that the cross will see a recoil, and due to this the pound/dollar will correct upwards to the LB from the daily trend.

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Daily

The recoil didn’t come off. The sellers broke the 15th September minimum. The road to 1.5184 is open. Today I’m awaiting a rebound to 1.53.

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Weekly

The pound reached the trend line. It’s highly likely that it will be broken on Friday.

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