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Look for a possible long term buy position towards 1.42855.

Look for a possible long term buy position towards 1.42855. | 29 March 2021

29 March 2021, GBP/USD

Wave Analysis

During the previous trading day,the British pound bounced off from the supportive zone 1.37584-1.37600. As long as the price remains above this zone, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive ave count and should breakout above 1.42855. A breakout above this level will push the price much higher towards 1.48130. On the flipside, a breakout below 1.37584 will push the price to the lowerside towards 38.2% fib level.

Trade Recommendations:

Look for a possible long term buy position towards 1.42855.

Bob Stan
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