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Sell a rebound from 1.36286 with an ultimate target set at 1.35245.

Sell a rebound from 1.36286 with an ultimate target set at 1.35245. | 05 Enero 2021

05 Enero 2021, GBP/USD

Sell a rebound from 1.36286 with an ultimate target set at 1.35245.

Wave Analysis

Yesterday, the British pound corrected itself massively to the lowerside and is still showing signs of continuing to the lowerside. As long as the price remains below the level 1.36286, we are looking forward to a possible rally to the upperside towards 1.36286. If the price breaks and closes above this level, then further momentum to the upperside is expected. However, should the price rebound from 1.36286, then further momentum to the lowerside is expected with an ultimate target set around 1.35370.

Trade Recommendations:

Sell a rebound from 1.36286 with an ultimate target set at 1.35245.

Bob Stan
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