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Wait for a possible rebuy from around 1.3806.

Wait for a possible rebuy from around 1.3806. | 23 Maret 2021

23 Maret 2021, GBP/USD

Wave Analysis

During the previous trading day, the British pound gapped below the lower blue line and is still below this line. This is a possible indication that we are in an active down trend. As long as the price remains below this blue line, we are expecting a possible rally towards 1.3806 and could breakout much lower towards 1.3638. A rebound from 1.3806 will be a good place to consider a possible long term buy position we're expecting this buy to push the price much higher with the next ideal target set around 1.3994.

Trade Recommendations:

wait for a possible rebuy from around 1.3806.

Bob Stan
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