Wait and buy a rebound from the lower trendline | 30 Juni 2021
30 Juni 2021, GBP/USD
Wave Analysis
Ealier this week, the british pound rallied to the lowerside but is still below the lower trendline. As it is on this chart, we are looking for a rebound from the lower trendline to pick a possible long term buy position. If the price rebounds from the lower trendline, then this will be a good place to consider a possible long term buy position.If the price breaks below the lower trendline, then further momentum to the lowerside is expected with the next ideal target set around 1.3371.
Trade Recommendations:
Wait and buy a rebound from the lower trendline
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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.
