Working towards weakening the British pound is the main task, because the growth did not disrupt the bearish momentum. Favorable selling prices were received yesterday. Keeping a short position is the main strategy. The first target of the fall is the weekly low. A further decrease will depend on how the pair reacts to the specified extreme.
It is important to note that closing the current week below the low of the previous one will allow us to form a model in order to continue the decline with a medium-term outlook. This will make it possible to keep sales in the first half of July.
Forming an alternative model will require forming an absorption pattern at the daily level. The probability of this event is below 25%, which makes purchases from current marks not profitable. It is worth noting that the formed accumulation zone provides good sales opportunities even from the middle of the range.
Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.
Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which changes several times a year.
Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
