We're sellers towards 1.36115. | 19 August 2021
19 August 2021, GBP/USD
Wave Analysis:
Just as in the EURO, the British pound continued to the lowerside and is still pretty much bearish. The previous day's candle closed as a perfect bearish inside bar candle, and as long as the price remains below the previous day's lowest low, we are sellers. The anticipated bearish price rally is the continuation of a minor impulsive wave count and could see price break below 1.36111 and may extend much lower.
Trade Recommendations:
We're sellers towards 1.36115.
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.
