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We're buyers towards the upper trendline.

We're buyers towards the upper trendline. | 22 July 2021

22 July 2021, GBP/USD

We're buyers towards the upper trendline.

Wave Analysis
During the previous trading day, the british pound failed to sustain the breakout below the lower trendline, instead the price pulled back to the upperside and is now above the same trendline. As long as the price remains above this trendline, we expect nothing but possible momentum to the uperside. If you are looking at this chart right now, I recommend looking for long positions towards the upper trendline.
Trade Recommendations:
We're buyers towards the upper trendline.
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Bob Stan
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