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We're waiting for a rebound from 1.36350 to pick a possible sell position.

We're waiting for a rebound from 1.36350 to pick a possible sell position. | 21 February 2022

21 February 2022, GBP/USD

Wave Analysis

Earlier this week, the British pound rallied to the upperside and is currently approaching the resistance zone 1.36350. As long as the price does not clearly break above this level, we are expecting a possible bounce from it to pick a possible long term sell position. On the otherwise, an impulsive break above 1.36350 will push the price much higher to the upperside and may see the price extend much higher towards 1.37400.
Trade Recommendations:
We're waiting for a rebound from 1.36350 to pick a possible sell position.
Bob Stan
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