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Wait and buy a rebound from the lower trendline

Wait and buy a rebound from the lower trendline | 30 June 2021

30 June 2021, GBP/USD

Wait and buy a rebound from the lower trendline

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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Bob Stan
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