We are on the sidelines. | 08 Abril 2022
08 Abril 2022, GBP/USD
Wave Analysis:
This pair is currently on a downtrend, the price has been rallying to the lower side.Recently the price bounced off from the upper trendline at the corrective wave cycle four towards the lower side in continuation of the impulsive wave cycle five. As at now,the price is around the lower trendline, I expect a break below the lower trendline and the price to continue short.Should the price rebound to the upper side from where it is currently then I expect it to go upto the upper trendline towards 1.3580.
Trade Reccommendations:
We are on the sidelines.
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.
