27 Juli 2021, GBP/USD
Wave Analysis
Despite the previous day's analysis that the British pound could rally upwards before eventually falling, we are yet to see any significant moves to the lowerside, we are still waiting for a clear rebound from the upper trendline to pick a possible long term sell position expecting the price to rally towards the lower trendline. If you are looking at this chart right now, we expect nothing but a possible momentum to the lowerside. This is the continuation of the last impulsive wave count.
Trade Recommendations:
Sell a rebound from the upper trendline
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