
Hello traders. In my previous posts, I expressed the idea of a possible increase in the base currency by inertia. The blatant weakness of the US dollar last week did not give any reason to think about selling. And now, looking at the bearish daily candle, can we assume a decrease in the value of the British pound? Yes, we can. However, I wouldn't dare to open sell orders. I believe that after some hesitation (a slight pullback), buyers will make themselves known again.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade