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wait | 17 March 2021

17 March 2021, GBP/USD

Wave Analysis

The British pound continues to rally within 61.8% fib level and 23.6% fib level. If you are looking at this chart now, wait for a clear rebound from 61.8% fib level to oick a possible long term buy position towards 1.41870. On its way to the upperside, the key levels to look for include 1.40750 and 1.41870, if the price breaks and closes above these levels, then further momentum much higher is expected with the next ideal target set at 1.43. On the flipside, should the price break below 61.8% fib level, then further momentum to the lowerside is expected towards 1.35710.
Trade Recommendations:
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Bob Stan
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