The pounded British pound is now dominated by the dollar. This does not mean that there will be no further growth as the UK economy is one of the best performing in the world in all respects. The real estate prices themselves are so high that they make you dizzy. Right now, we are seeing breakout attempts slowly raising the price, and breaking the rate 4 times faster. Personally, I do not like such a market, I prefer to see movements in a specific direction. I prefer to see the corrections on the chart because I can make informed decisions according to the strategy. Due to the lack of variability that I expected, I take into account the support marked with a cross. From the W1 interval you can see why I am considering this level. If I don’t see a bounce then I wait for the level set at the beginning of the week, and even showed it again yesterday.
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2021-03-05