➡️ The Pound rose on Friday, breaking through 1.3750 and hitting 1.3775 for the first time since mid-September. Sterling is recovering for the second week in a row. This is fueled by an increase in risk appetite, which damages the safe dollar. Major stocks closed the week in positive territory, boosted by better-than-expected quarterly earnings in the financial sector, which eased concerns over soaring inflation and supply problems.
The Pound is expected to take advantage of the weak dollar sentiment and would aim at 1.38000. However, at the moment, BUY signals are ambiguous and do not support the continued growth of the Pound, we should wait for the price in the range of 1.36680 - 1.36950. This area would facilitate BUY.
🔔Proposed deal for this tool🔔:
🔵Entry Point - 1.36803
⛔️Stop Loss - 1.36423
✅Take Profit - 1.37563
Thanks for your comments and likes 👍
The Pound is expected to take advantage of the weak dollar sentiment and would aim at 1.38000. However, at the moment, BUY signals are ambiguous and do not support the continued growth of the Pound, we should wait for the price in the range of 1.36680 - 1.36950. This area would facilitate BUY.
🔔Proposed deal for this tool🔔:
🔵Entry Point - 1.36803
⛔️Stop Loss - 1.36423
✅Take Profit - 1.37563
Thanks for your comments and likes 👍
