Wait | 05 Abril 2021
05 Abril 2021, GBP/USD
Wave Analysis
According to the weekly chart, the British pound is currently bouncing off of a significant supportive trendline. While the price is is not able to clearly breakout and close below this trendline, we are looking for long term buy position expecting the price to continue much higher with our ideal target set at 1.41980. On the flip side, in case the price breaks and closes below 1.36310, then this will be a good place to consider a possible long term sell position expecting price to break below 1.35500 towards 1.31450.
Trade Recommendations:
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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.
