On 1D TF 200-EMA is moving sideways, that means that there is flat on the market. The is at 143,80. We assume that it is possible for the British pound to rise.
On 4H TF the pair is approaching the , heading down. The pair broke the shorter 9-EMA up. is ready to reverse. Unfortunately, the is falling. That is why apparently it is better to wait for confirmation signals. It is better to wait till GBP breaks the level 144,54 (23,6% Fibo correction).
The targets are the following – the first target is 145; the second target is 145,39 (50% correction level).
Results: we recommend to think of long positions after breaking 23,6% Fibo correction level. Pay attention to the . It has to rise, otherwise the breakthrough could be false.