Pivot point: 1.3920 .
The preferred scenario: entering short deals at the lowest levels of 1.3920, targeting the levels of 1.3840 and then the 1.3800.
Alternative scenario: Entering long positions at the highest levels of 1.3920, targeting the 1.4000 levels.
Commentary: The pound-dollar pair is still in a general bearish trend in the medium and short term, through the descending price channel, which worked to reduce the price from the levels of 1.3990, to reach To the levels of 1.3845, which ended last week’s trading at it, so it is expected that we will witness a rebound from those levels within the framework of a correction wave, targeting the 1.3915 levels, and then returning to the decline again and targeting the 1.3800 levels.
