Sell a rebound from 1.49967 towards 1.36722. | 10 Mei 2021
10 Mei 2021, GBP/USD
Wave Analysis
The British pound is still below the zone 1.40067-1.39828. As long as the price is held below this zone, we are waiting for a clear rebound from it to pick a possible long term sell position. However, in case the price break and closes above the zone 1.40067-1.39828, then further momentum to the upperside is expected. If the price breaks above this zone, we recommend looking for long term buy positions. A rebound from 1.39829, then further momentum to the lowerside is expeccted with an ideal target at 1.36722.
Trade Recommendations:
Sell a rebound from 1.49967 towards 1.36722.
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.
