Let's consider the situation with the pound for today.
On Friday, there was a signal to sell, but I still see no reason to open short deals.
At the moment, there is support in the area of 1.2280-1.2300, and this is cause to go up once again.
Besides, the target, namely the 25th figure, has not been reached yet.
On the futures chart, the activity of sellers can be clearly seen in the market.
Nevertheless, the price is still moving in an upward trend.
Here we need to be very careful, since if the price stops at the level of the figure, the pair can be pulled to the bottom again.
At the same time, it can be noted from the COT reports that commercial organizations have gained short deals, while speculators have partially reduced them.
In fact, there is a sign of growth.