The pound finished its impulsive movement and the correction began yesterday. The price approached the major resistance level and rebounded from it. The sterling does not look very strong on the back of other currencies. Today, the refreshed consolidation is probable around this level. Flat often takes place ahead news because of accumulation.
Trading recommendations:
- I do not recommend to trade with a lot of currencies at the same time, two currencies are enough for risk diversification. The british pound does not look strong, therefore, I do not recommend to enter on the correction. I will look for an opportunity to sell.
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