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Wait and buy a break below 61.8% fib level towards 1.40

Wait and buy a break below 61.8% fib level towards 1.40 | 19 March 2021

19 March 2021, GBP/USD

wait

Wave Analysis

Just as Euro, nothing much appears to be happening on his pair, the price is still struggling within 61.8% fib level and 38.2 % fib level. If the price breaks and closes below 61.8% fib level, then we'll be looking for a possible long term sell position towards 1.35710. A break below this level may push the price much lower towards 1.32350. On its way to the lowerside, the key levels to look for include 1.37390, 1,34030 and 1.32910. On the upperside, a breakout and close above 38.2% fib level will push the price much higher towards 1.40.
Trade Recommendations:
Wait and buy a break below 61.8% fib level towards 1.40
Bob Stan
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