Today the British pound came back to a new low 1.4830. This pair looks weak, against almost all currencies at the moment, so there is no reason to think that this market is going to take a different turn. Taking into account that it is already very oversold, we consider that it would be dangerous to sell this pair, or we should expect a bullish rebound to re-sell, or as noted in the chart below, you can place your order positions above the daily fractal of 1.4923, with a target to the next fractal 1.5268.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
