22 Marzo 2022, GBP/USD
Wave Analysis;
The Great British Pound is currently trading on a contracting wedge formation,the price rallied to the lower side in a corrective wave cycle four.We expect a rebound to the upper side towards 1.3225 in continuation of the impulsive wave count five.However, should the price break below the lower trendline clearly,we expect to see a further bearish momentum with our first ideal target at 1.3045.
Trade Reccommendations:
We are buyers towards 1.3225.