Wait for a possible rebuy from around 1.3806. | 23 Marzo 2021
23 Marzo 2021, GBP/USD
Wave Analysis
During the previous trading day, the British pound gapped below the lower blue line and is still below this line. This is a possible indication that we are in an active down trend. As long as the price remains below this blue line, we are expecting a possible rally towards 1.3806 and could breakout much lower towards 1.3638. A rebound from 1.3806 will be a good place to consider a possible long term buy position we're expecting this buy to push the price much higher with the next ideal target set around 1.3994.
Trade Recommendations:
wait for a possible rebuy from around 1.3806.
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.
