Monday market review

GBPUSD H4. British Pound still in the growth channel. Despite the corrections, the price maintains the upward trend that I am writing about since the beginning of the website. The British economy is too strong for a dramatic drop in confidence in the country. At the same time, I am considering a possible stronger correction as the price itself has slowed down significantly. There is no longer such uncertainty as during the Brexit talks. Until a strong signal appears, I do not go short for a longer term. Currently, after breaking the local resistance, the way will open to further increases. Many traders have seen a wedge formation there, but it was broken on Friday so simultaneously negated. As long as the situation does not clear up in the first hours of the session, the EU remains outside the market.