The pound hints of a possible reversal in the dollar.
On Wednesday and Thursday morning, the pound showed a strong rebound to the top by 150 points in 4-digit.
The picture on the pound has changed dramatically. Now, the picture looks like a "double bottom".
The US news was strong but as we can see, the dollar did not help.
A possible reason is a new balance in European currencies, taking into account that the Fed rate hike has already been reached.
We are ready to buy the pound from 1.2860.
The material has been provided by InstaForex Company -
www.instaforex.com