We are sellers towards 1.2905. | 18 March 2022

18 March 2022, GBP/USD

We are sellers towards 1.2905.

Wave Analysis:

The Great British Pound is on a downtrend,the price is currently on a corrective wave count four.We expect the price to continue to the lower side towards 1.2905,the anticipated bearish move is a continuation of the impulsive wave cycle five.On the flip side, should the price break above the upper trendline clearly then we will be buyers from 1.3156 towards 1.3415.

Trade Reccommendations:

We are sellers towards 1.2905.

Bob Stan
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