Pivot point: 1.3800
The expected scenario: Entering long positions at the highest levels of 1.3800, targeting the levels of 1.3900.
Alternative scenario: entering short deals below the 1.3800 levels, targeting the 1.3720 levels.
Commentary: The pound-dollar pair witnessed a change in the general bearish trend, after the breach of the descending price channel, and reaching the 1.3850 levels, which is expected to stabilize there and from Then it enters a correction wave to retest the 1.3800 levels, and then return to complete the ascending phase and target the 1.3900 levels, especially in light of the price consolidation above the moving averages (50-100), in addition to the presence of the liquidity flow indicator at overbought levels, which favors entry into Corrective trend in the short term.
