13 Juli 2021, GBP/USD
Wave Analysis
For the past two week's, the british pound has been giving us clear buy signals, however, we are yet to see any clear buy candles, as long it is now, we are looking for a possible long term sell position, the price should first pullback towards the monthly resistance zone marked on the chart above. However, if the price breaks below the previous week's lowest low then we will be looking for a possible long term sell position. As it is now, keep looking for low risk sell positions expecting the price to breakout below 1.36992 and may extend much lower towards 1.33410.
Trade Recommendations:
We're buyers towards 1.43289
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