Look for low risk sell positions towards lower trendline | 23 اكتوبر 2020
23 اكتوبر 2020, GBP/USD
Wave Analysis
Yesterday, the British pound bounced off from the upper trendline, headed to the lowerside but is still pretty much bearish. While the price remains below the upper trendline,we are looking for nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a corrective wave count and could see price breakout below the supportive trendline towards 1.28760. On the upperside should the price breakout above the upper trendline, then a rally towards 1.33 is expected.
Trade Recommendations:
Look for low risk sell positions towards lower trendline
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
