18 February 2021, GBP/USD
Wave Analysis
On this chart, we are on the sidelines, our expectations is that the price should continue to the lowerside but should not go beyond the zone 1.37478-1.37347. If the price rebound from this zone, then this will be a good place to consider a possible long term buy position. A break below this zone, may push the price much lower with the next ideal target set around 1.36480, a break below this level will push the price to the lowerside with the next ideal target set at 1.35445 towards 1.34.
Trade Recommendations:
Wait for a buy from around 1.37478-1.37347 towards 1.39540.
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