We're selling a rebound from the upper trendline. | 18 اكتوبر 2021
18 اكتوبر 2021, GBP/USD
Wave Analysis
Just as previously anticipated, the British pound rallied to the upperside but failed to ascend beyond the upper trendline. While the price is not able to clearly breakout above the upper trendline, we are actually looking forward to a possible rebound from the upper trendline to pick a possible long term sell position towards the level 1.34101. If the price breaks below this line, then further momentum to the lowerside is expected towards 1.28600.
Trade Recommendations:
We're selling a rebound from the upper 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.
