FX.co ★ The Bank of England is supporting the growth of the pound. GBPUSD looking for purchases.

At the beginning of this week, there was an increase that allowed us to gain a foothold above the bank liquidity zone. This indicates a large number of market purchases open in a wide range. Over the past 6 days, the pair has grown by 3%, indicating the strength of the upward movement. Any decline should be considered as an opportunity to buy the instrument.

Looking for sales means working against the actions of the Central Bank. This is fraught with large drawdowns or triggering stop losses. The most profitable strategy is to hold previously opened purchases and search for new opportunities to enter the bullish momentum.