28 January 2021, GBP/USD
Wave Analysis
During the previous trading day, the British pound failed to reach our target set along the upper trendline. Instead the price bounced off from the zone 1.37438-1.32345. On this chart, we are looking for long term sell positions expecting price break and close below the lower trendline. A break and close below this trendline will mean we are continuing to the lowerside with an ideal target st 1.36098. A break below this level will push the price much lower with the next ideal target at 1.35199.
Trade Recommendations:
Wait and buy a rebound from around 1.36098
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