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We're buyers towards the upper trendline.

We're buyers towards the upper trendline. | 13 September 2021

13 September 2021, GBP/USD

We're buyers towards the upper trendline.

Wave Analysis

Few days ago, the British pound bounced off from the lower trendline, headed to the upperside and is still pretty much bullish. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. As it is right now, we are looking for a possible long term buy position towards the upper trendline. If the price breaks below the lower trendline, then further momentum to the lowerside and should break below 1/36695.

Trade Recommendations:

We're buyers towards the upper trendline.

Bob Stan
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