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Wait | 26 April 2021

26 April 2021, GBP/USD

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Wave Analysis
The British pound is within a range, not going above 1.40240 or below 1.37040. While the price remains within this range, we are waiting for a breakout below 1.37040 to pick a possible momentum to the lowerside towards 1.35440 or even lower. On the flipside, should the price breakout above 1.40240, then we expect further momentum to the upperside and should break beyond 1.41040 towards 1.42640. A rebound from 1.40240 will attract a sell and a rebound from 1.37040 will attract a buy.
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