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We are sellers from 1.3704 towards target level 1.3015.

We are sellers from 1.3704 towards target level 1.3015. | 13 January 2022

13 January 2022, GBP/USD

We are sellers from 1.3704 towards target level 1.3015.

Wave Analysis:

This pair is currently on a corrective mood,Iexpect a rebound from the upper trendline towards the lower trendline in a move to complete the impulsive wave 5, from level 1.3704 to target level 1.3015 or even much lower below that level.Alternatively,if the price breaks above 1.3704 ,I expect to pick a good long term buy position with my target level at 1.3960 or even much higher.

Trade Reccommendation:

We are sellers from 1.3704 towards target level 1.3015.

Bob Stan
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