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Sell a rejection from the upper trendline.

Sell a rejection from the upper trendline. | 28 April 2021

28 April 2021, GBP/USD

Sell a rejection from the upper trendline.
Wave Analysis
The British pound continues to remain below the upper trendline and above the lower trendline. If the price bounces off from the upper trendline, then further momentum to the lowerside is expected towards the lower trendline and may breakout below it. If this is the case, then we are sellers with an ideal target at 1.36120. On the flip side, should the price breakout above the upper trendline, then further momentum to the upperside is expected with an ideal target set at 1.41620.
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Trade Recommendations:
Sell a rejection from the upper trendline.
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