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We're approaching a significant sell place towards 1.3548.

We're approaching a significant sell place towards 1.3548. | 28 October 2021

28 October 2021, GBP/USD

We're approaching a significant sell place towards 1.3548.

Wave Analysis

During the previous trading, the British pound broke below the wedge formation, pulled back to it, but could not again climb above it, as long as the price remains below the red lower trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should see the price break below 1.3715 towards 1.3672.

Trade Recommendations:

We're approaching a significant sell place towards 1.3548.

Bob Stan
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