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wait | 18 March 2021

18 March 2021, GBP/USD

wait

Wave Analysis

We continue to see sustenance above the 61.8% fib level. As it is now, while the price remains above this fib level, we remain on the sidelines, the idea is to wait for a pullback towards 61.8% fib level to pick a low risk buy position. And in case the price breaks and closes below 61.8% fib level, then we will be expecting further momentum to the lower side with the next ideal target set at 1.36270. On its way to the lower side, the key levels to look for include 1.37390 and 1.36270. A break below these levels will push the price much lower towards 1.35150.
Trade Recommendations:
Wait
Bob Stan
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