Look for long term sell positions towards 1.35. | 24 Maret 2021
24 Maret 2021, GBP/USD
Wave Analysis
The British pound is currently in an active downtrend. As long as the price remains below the Alligator indicator, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below 1.3675 to the lowerside with an ultimate target set at 1.35 and may breakout much lower. On the flipside, should the price break and the upper blue line, then this will be the only place consider a possible long term buy position towards 1.3875.
Trade Recommendations:
Look for long term sell positions towards 1.35.
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.
