The GBP/USD currency pair has increased by about 20 points over the past week, which is a very weak volatility value for this pair. However, this is the final value of the week. Maybe the situation was different for each individual day? No. Volatility remained fairly low all week. At the same time, an upward trend continued in the long term, which has long caused surprise and doubts about its validity. However, as we have repeatedly warned, this is a currency market, and no one can predict its behavior by 100%. The fundamental background may be completely against the pound, but if market participants buy it (for any reason), it will grow. Thus, we always warn that any fundamental theory and hypothesis must be confirmed by "technology". As long as this is not the case, no matter what the "foundation", it is recommended to trade according to the trend, that is, to increase. The previous local high has not been updated yet (1.3481), so there are still theoretical chances of a new downward trend starting. Also, we would not particularly count on the "double top" pattern.
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