Remain short towards 1.36890. | 19 Julio 2021
19 Julio 2021, GBP/USD
Wave Analysis
Just as in Euro, the british pound is currently rally within a falling channel formation. We tool a short position following the rebound from the upper trendline and is still holding onto this position. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and may breakout below the lower trendline towards 1.35 and may extend much lower with the next ideal target set around 1.34.
Trade Recommendations:
Remain short towards 1.36890.
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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.
