We're short towards the immediate trendline. | 27 سبتمبر 2021
27 سبتمبر 2021, GBP/USD
Wave Analysis
The British pound continues to rally below the resistance zone 1.43920-1.40313. As it is on the weekly chart attached, we are long term sellers towards the immediate trendline, if this trendline is broken, then further momentum to the lowerside is expected towards 1.20952, and may continue much higher towards 1.12440. If the price breaks above 1.43920, then further momentum to the upperside is expected with an ideal target set at 1.78860.
Trade Recommendations:
We're short towards the immediate 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.
