FXOptimax: Pound USD3month2Be cautious and try long on dips

3

month

2

day

The pound and the US dollar closed slightly lower last Friday, reaching a high level

1.29196

, low order

1.27257

, received at

1.28232

. From the daily chart, it can be seen that the pound and the US dollar fell sharply during the trading session last Friday, with a slight drop below the intraday limit

1.28000

and

1.27500

The support of the market turned into a sharp rebound, and the closing wiped out more than half of the lost ground, closing at

1.28000

Above the integer digit, if the support of that integer digit can be maintained today, the probability of further rebound is higher. Conversely, the possibility of another decline cannot be ruled out; from

H4

Looking at it, the pound and the US have formed a long downward shadow candlestick chart at the bottom of the downward trend, and are expected to rebound further

1.28826

The probability of resistance near the track in the Bollinger Belt is relatively high;

H1

The display shows that the pound and the US have now rebounded near the middle track of the Bollinger Bands, and breaking through this resistance will further increase testing

1.28500-1.28766

The resistance area. It is not recommended to continue short selling today. It is recommended to cautiously try long on dips, with the current price of the pound and the US dollar

1.28270