Analysis of the Pound Index in the short term and the expected scenarios .

As is clear, we have the Pound Index going through a compilation process on the clock frame Therefore, the rise is expected to continue in the short term .

In case of decline and testing of demand areas compatible with the uptrend It is expected to climb from it again to the display areas above .

As for the case of breaking the uptrend and the areas of demand and closure below them It is expected to fall to the previous support zones .

Another scenario, which is in case the rise of the display areas continues upstairs It is expected to fall from it, therefore, there is an expected weakening of the currency.