We're sellers towards the lower trendline. | 09 Agosto 2021
09 Agosto 2021, GBP/USD
Wave Analysis
Few days ago, the British pound bounce off from the zone 1.39968-1.39625. While the price remains below this zone, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside and should break below the lower trendline 1.31310. If the price rebounds from the same trendline, then this will be a good place to consider a possible buy position towards 1.39968.
Trade Recommendations:
We're sellers towards the lower trendline.
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.
