Remain long towards 1.44 | 15 Maret 2021
15 Maret 2021, GBP/USD
Wave Analysis
During the previous week, The British pound remained within the range 61.8% fib level and 23.6% fib level. We took a long position around 61.8% fib level and is still holding, our expectation is that the price should continue to the upperside and may breakout above 1.42980. A break above this level will push the price much higher with the next ideal target around 1.48. On the flip side, should the price break below 61.8% fib level, then further momentum to the lowerside is expected with the next ideal target set at 100.00%.
Trade Recommendations:
Remain long towards 1.44
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.
