Good evening, dear traders! It is time to think of the British pound. Monday was very bright for the GBP / USD currency pair: a whole batch of strong news made this instrument launch a strong bull rally, which looks quite promising. It is important that the latest data on the pound will be released almost every day this week, which will undoubtedly give good volatility.
Therefore, the recommendation for this instrument is to try to take a buy position, but strictly over the level of 1.2845, since it is now important for the buyer. In addition, consolidating the price above will mean that the buyer has not gone anywhere, and the probability of growth will remain high. The first goal for possible growth is Monday's maximum at the price of 1.2897; the longer-term goal is the level of 1.2975. The losses, in turn, can be limited to a minimum of November 11.
I wish you success in trading and big profits!
The material has been provided by InstaForex Company - www.instaforex.com