FXOptimax: Pound USD3month16Daily trend analysis and trading suggestions

3

month

16

day

The pound and the US dollar plummeted again at a high close last Friday

1.26242

, low order

1.22686

, received at

1.22920

. From the daily chart, it can be seen that the pound and the US dollar closed down for five consecutive trading days last week, with a week of decline

900

A point, opened slightly higher today and then turned down again, currently undergoing testing

1.23000

The support of integer digits, successfully breaking through this support will further open up the downward trend

1.22500

The space; from

H4

Looking at it, the pound and the US dollar have shown a stepwise downward trend, with signs of further decline at present;

H1

Display pound and dollar in

1.23000

There is some support nearby, and there are signs of rebounding again at that support. It is not recommended to go long today. It is recommended to wait and see for the time being. The current price is in pounds and dollars

1.23171