Today we expect Jerome Powell's speech during which there will likely be a strengthening in the reserve currency. Data released today on the labor market in the UK was worse than expected. The number of applications for unemployment benefits turned out to be higher than forecasted and amounted to 7.8k instead of the forecasted 2.3k.
During the speech of the head of the Bank of England Mark Carney, the pound began to win back its positions and the pair headed upwards. At the current moment the price is between the MA (12) and MA (48) averages; in case it fixes above our MA (48), we expect a trend change. However, if the price again falls below the level of 1.3250, we expect the testing of the level of 1.3130.
Therefore, we advise you to look for points to enter short positions, approximately from the level of 1.3320. Our goals are to consider the levels 1.3250 and 1.3190.
