wait | 18 Marzo 2021
18 Marzo 2021, GBP/USD
Wave Analysis
We continue to see sustenance above the 61.8% fib level. As it is now, while the price remains above this fib level, we remain on the sidelines, the idea is to wait for a pullback towards 61.8% fib level to pick a low risk buy position. And in case the price breaks and closes below 61.8% fib level, then we will be expecting further momentum to the lower side with the next ideal target set at 1.36270. On its way to the lower side, the key levels to look for include 1.37390 and 1.36270. A break below these levels will push the price much lower towards 1.35150.
Trade Recommendations:
Wait
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.
