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We're temporarily buyers towards the upper trendline.

We're temporarily buyers towards the upper trendline. | 11 October 2021

11 October 2021, GBP/USD

We're temporarily buyers towards the upper trendline.

Wave Analysis

After a rebound from the lower trendline, the British pound rallied to the upperside and is still pretty much bullish both on tee daily and on the weekly charts, as it is right now, we are looking for further momentum to the upperside but should not break above the upper trendline, if the price breaks and closes above it, then further momentum to the upperside is expected towards 1.37 or even higher.

Trade Recommendations:

We're temporarily buyers towards the upper trendline.

Bob Stan
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