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We're sellers towards the lower trendline.

We're sellers towards the lower trendline. | 29 March 2022

29 March 2022, GBP/USD

Wave Analysis:

After bouncing off from within the zone 1.32647-1.32013, the British pound rallied to the lowerside and is still showing signs of continuing much lower. On this chart basically, we expect sellers to keep pushing price to the lowerside and may see the price break below the lower trendline. Otherwise, should the price break above the immediate upper zone, then this will be a good place to consider a possible long term buy position.
Trade Recommendations:
We're sellers towards the lower trendline.
Bob Stan
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