After Theresa May’s resignation did not take place and the Brexit deal, albeit with changes, is still alive, there have been opportunities for investors to back the British pound and the pair shows growth.
On the other hand, the dollar index last Friday and continues to decline even today.
We observe that the pair found the resistance level at the 1.32 mark and turned from it. The level of support is located at the 1.3150 mark and the pair again shows growth.
We believe that the upward movement will continue, the level of 1.32 will be tested again, and the pair will go higher. Therefore, we advise you to take long positions on this pair and consider the 1.32 and 1.3250 marks as your goals.
