We're waiting to sell a rebound from the upper trendline towards the lower trendline | 04 يناير 2022
04 يناير 2022, GBP/USD
Wave Analysis
The British pound rallied to the upperside and is now rebounding from the upper trendline. As long as the price remains below the upper trendline, I am waiting for a rebound from the upper trendline to pick a possible long term sell position towards the lower trendline. If the price should ascend and break above the upper trendline, then, we will be looking for a possible long term buy position with an ultimate target set around 1.4170.
Trade Recommendations:
We're waiting to sell a rebound from the upper trendline towards the 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.
