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Look for long term buy positions towards 1.42855.

Look for long term buy positions towards 1.42855. | 30 March 2021

30 March 2021, GBP/USD

Look for long term buy positions towards 1.42855.

Wave Analysis

Yesterday, the British pound continued slightly to the lowerside but failed to reach the level 23.8% fib level. As it is now, we are still looking for further momentum to the lower side expecting the price to break below 23.6% fib level and should push the price much lower towards 38.2% fib level or even lower. A rebound from 1.37584 will mean we are looking for long term buy position expecting the price to continue to the upperside and should breakout above 1.42855 towards 1.48130.

Trade Recommendations:

Look for long term buy positions towards 1.42855.

Bob Stan
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