We are buyers towards 1.3225. | 22 Marzo 2022
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.
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.
