Wait for a resell from around 1.39136. | 23 Abril 2021
23 Abril 2021, GBP/USD
Wave Analysis
Yesterday, the British pound successfully sustained itself below 1.39136-1.38995. While we continue to see sustenance below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and could see the price break below 1.38210 towards 1.36852 towards 1.35685 or even lower. On the flipside, should the price breakout above 1.39136, then a rally towards 1.40031 is expected with the next ideal target set at 1.41745.
Trade Recommendations:
Wait for a resell from around 1.39136.
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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.
