FX.co ★ GBP/USD – the second reach of the resistance.

Why is the euro responding to the dollar, and the pound is not? Probably because everyone counts on the decline of the pound, but it is only consolidating. And nobody knows what is really happening in the Bank of England. I see decrease, as earlier, and its main target is still 1.5120.
Now the level 1.5660 is reached for the second time; if the pair goes above the 1.5670 then 1.5710 will be the new target. But from the technical point of view this scenario is possible if the pound wants to make an upwards correction.
A lot of my clients argue with me and keep their deals for the whole autumn and December, following other analysts.
Now it is time to close deals as the pound is about to fall down. I predict the beginning of a phased decline. Only in case the level 1.5777 is passed the 1.5120 level scenario will be cancelled.
So, the conclusion is to wait for the second correction at 1.5660 though nobody knows how long it will take.
I’ve closed all my deals and await the downward movement.
Thank you and good luck to everyone.