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We are on the sidelines

We are on the sidelines | 20 April 2021

20 April 2021, GBP/USD

We are on the sidelines
Wave Analysis
Just as in Euro, the British pound rallied steeply to the upperside, broke above the upper trendline, extended to the upperside and is still pretty much bullish both on the daily and on the weekly charts. If you are looking at this chart right now, keep looking for long term buy positions expecting the price to break above 61.8% fib level towards 1.42380. And on the flipside, should the price break below 23.6% fib level, then further momentum to the lowerside is expected with an ideal target set at 1.36880
Trade Recommendations:
We are on the sidelines

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