We're sellers towards the lower trendline. | 29 Marzo 2022
29 Marzo 2022, GBP/USD
Wave Analysis:
After bouncing off from within the zone 1.32647-1.32013, the British pound rallied to the lowerside and is still showing signs of continuing much lower. On this chart basically, we expect sellers to keep pushing price to the lowerside and may see the price break below the lower trendline. Otherwise, should the price break above the immediate upper zone, then this will be a good place to consider a possible long term buy position.
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.
