09 August 2021, GBP/USD
Wave Analysis
Few days ago, the British pound bounce off from the zone 1.39968-1.39625. While the price remains below this zone, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside and should break below the lower trendline 1.31310. If the price rebounds from the same trendline, then this will be a good place to consider a possible buy position towards 1.39968.
Trade Recommendations:
We're sellers towards the lower trendline.
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