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Sell a rebound from 1.35762 towards 1.34655.

Sell a rebound from 1.35762 towards 1.34655. | 28 December 2020

28 December 2020, GBP/USD

Sell a rebound from 1.35762 towards 1.34655.

Wave Analysis

Following the slight gap which was seen earlier today, the British pound failed to break above 1.35762. As it is now, we are on a correction mode, we are expecting a possible extension of the impulsive wave (c) to the lowerside and should breakout below the lower trendline and should extend much further to the lowerside and should break below 1.34655. This view will only be invalidated in case the price breaks and closes above 1.35762, if this is the case, then further momentum to the upperside towards 1.36143.

Trade Recommendations:

Sell a rebound from 1.35762 towards 1.34655.

Bob Stan
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