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Wait and sell a rebound from the upper trendline towards 1.37045.

Wait and sell a rebound from the upper trendline towards 1.37045. | 29 April 2021

29 April 2021, GBP/USD

Wait and sell a rebound from the upper trendline towards 1.37045.
Wave Analysis
The British pound is still rallying within a range, not going above the upper trendline or below the lower trendline. If the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ultimate target set at 1.34295. On its way to the lowerside, the key levels to look for include 1.36120, 1.35295 and 1.35125. On the flip side, should the price breakout above the upper trendline, then further momentum to the upperside is expected within ultimate target set at 1.42545
.
Trade Recommendations:
Wait and sell a rebound from the upper trendline towards 1.37045.

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