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02.09.202108:40 Forex Analysis & Reviews: Bank of England supports the pound's growth

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The open market operations yesterday indicate that the upward movement will continue. There is an 80% probability that the weekly high will be updated. The nearest upward target is the level of 1.3815.

The closing of yesterday's trading occurred above the local accumulation zone. This indicates a large number of applications for the sale of the instrument. In turn, this will lead to continued growth in order for these applications to be fulfilled. The probability that the price will consolidate below the level of 1.3750 in the next 4 days is 20%.

The upward movement remains a priority and price holding long positions is the best strategy. After reaching the level of 1.3815, it is necessary to close all or some of the buy transactions. It should be noted that testing the indicated level will significantly increase the probability of a reversal.

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