We're waiting for a rebound from the upper trendline to pick a possible long term sell position towards 1.3705. | 29 اكتوبر 2021
29 اكتوبر 2021, GBP/USD
Wave Analysis
During the previous trading day, instead of continuing to the lowerside as previously anticipated, the British pound continued to the upperside and is currently around the upper trendline. If the price can break and close above this trendline, then we will be looking for a possible long term buy position with an ideal target set at 1.3829. And if the price rebounds from the same trendline from the lowerside, we'll be looking for a possible long term sell position.
Trade Recommendations:
We're waiting for a rebound from the upper trendline to pick a possible long term sell position towards 1.3705.
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.
