The British pound is bullish at this time and it has covered the gap left in the opening week. As we have said all gaps are covered. It will take many days for some pairs, for others it will be faster, but in the end all gaps will be covered. Thus, in this week’s analysis it was indicated that this would happen. Now the pound is trading below the weekly pivot of 1.5812. If the pair breaks this level and closes above we consider a bullish signal, buying, with objectives to 1.5905, the moving average level of 200 periods and higher up to the psychological level of 1.60.
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