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Wait for a bounce from 1.3596 to pick a sell.

Wait for a bounce from 1.3596 to pick a sell. | 10 January 2022

10 January 2022, GBP/USD

Wait for a bounce from 1.3596 to pick a sell.

Wave Analysis:

Since the previous week, the British has been making higher lows, and is currently around a significant resistance level 1.3596, if the price can break and close above this level 1.3596, then we expect it to continue much higher with the next ideal target set at 1.3841. If this target should be broken, then we will continue much higher. On the otherside, if the price rebounds from the level 1.3596, then this will be a good place to consider a possible long term sell position towards the lower trendline.

Trade Recommendations:

Wait for a bounce from 1.3596 to pick a sell.

Bob Stan
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