FX.co ★ TST as the Foundation for Medium-term Trading

GBPUSD The pound is no less interesting than the euro, but in a different way, of course. Last week's end was intriguing here - the price formed something resembling a double bottom, making the price movement on Monday and Tuesday look logical. Today, the Open Price (OP) went even higher, the Key Trading Level (KTL) is still at the bottom, supporting the price increase. However, whether it will continue to rise remains to be seen. Overall, things are developing quite well in this regard. We opened below the balance almost at the Open Zone (OZ), immediately moved upwards, easily passed the balance. But now the price has dropped below the balance again, activating the Stop Loss (SL) for now. If everything goes according to plan, we should expect the upper boundary of the day today. But first, I think the price will mark the Open Zone (OZ) again.