FX.co ★ TST as the Foundation for Medium-term Trading
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TST as the Foundation for Medium-term Trading
Same story on today’s levels for gbp/usd: the mandatory zone also decided not to rest for long and again appeared at the lower boundary of the channel. And technically, if you look at the situation, the red scenario, and even the red dashed one, is already ripe for implementation, but it’s quite realistic to get further growth along the blue scenario as well. But if we follow the blue path, it’s very likely that the correction will drag out in time. The red one can reach 1.3600 within a week or by the end of next week, and from there we could already start looking for a full-fledged beginning of a decline. The blue one can also pull the price toward 1.3600, but technically that might turn out to be premature. We’ll see.