Preferred direction: Neutral
Comment: The British currency perfectly worked out the scenario that we set at the beginning of the week, and all long trades were closed. At the moment, short-term strengthening is expected for the instrument, including, most likely, during the US CPI. However, just like the euro, a fall is expected here in the longer term. Particular attention will be focused on the level of 1.27000 after the publication of inflation data in the United States.
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Comment: The British currency perfectly worked out the scenario that we set at the beginning of the week, and all long trades were closed. At the moment, short-term strengthening is expected for the instrument, including, most likely, during the US CPI. However, just like the euro, a fall is expected here in the longer term. Particular attention will be focused on the level of 1.27000 after the publication of inflation data in the United States.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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