The British Pound has has a lot of pressure this week due to the lockdown restrictions the Prime Minister has announced. However there are still a low number of Omicron cases reported and the UK seems to have control which will push the value of the GBP up.
Why are we entering?
We are entering this trade as we are expecting a double bottom as the price is approaching a highly respected structure zone and is showing signs of resistance. We have a minor RISK trendline which is being respected. We are monitoring for a break of this for a safe entry
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