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Wait | 26 March 2021

26 March 2021, GBP/USD

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Wave Analysis

The British pound continues to rally within a range, not going above 23.6 fib level or below 61.8% fib level. If you are looking at this chart now, wait and buy a rebound from 61.8% fib level and a rebound from 23.6% fib level to pick a sell. If the price breaks above 23.6% fib level then this will mean we are continuing to the upper side towards 1.41980, while a break below 61.8% fib level will push the price to the lower side with an ideal target set around 100.00 and could breakout much lower.

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Bob Stan
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