Look for a possible long term buy position towards 1.42855. | 29 Marzo 2021
29 Marzo 2021, GBP/USD
Wave Analysis
During the previous trading day,the British pound bounced off from the supportive zone 1.37584-1.37600. As long as the price remains above this zone, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive ave count and should breakout above 1.42855. A breakout above this level will push the price much higher towards 1.48130. On the flipside, a breakout below 1.37584 will push the price to the lowerside towards 38.2% fib level.
Trade Recommendations:
Look for a possible long term buy position towards 1.42855.
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.
