
Technical Analysis of the Pound – 21th to 25th oct
Pound Analysis (Daily Time Frame) The pound has changed its nature, breaking down from its upward range. We expect a price increase to the 1.31778 level. However, if the price fails to surpass the 1.32666 level, a decline to 1.26084 is anticipated. Main Scenario: Consider buy positions from corrections above the 1.2920 level with targets at 1.3600 – 1.3800. Alternative Scenario: A break and stabilization below the 1.2920 level would allow the currency pair to drop to the 1.2600 – 1.2288 levels. Pound Analysis (4-Hour Time Frame) The pound has reached a support zone, and we expect a price increase to