We're waiting to sell a rebound from the upper trendline towards the lower trendline | 04 Januari 2022

04 Januari 2022, GBP/USD

Wave Analysis

The British pound rallied to the upperside and is now rebounding from the upper trendline. As long as the price remains below the upper trendline, I am waiting for a rebound from the upper trendline to pick a possible long term sell position towards the lower trendline. If the price should ascend and break above the upper trendline, then, we will be looking for a possible long term buy position with an ultimate target set around 1.4170.

Trade Recommendations:

We're waiting to sell a rebound from the upper trendline towards the lower trendline

Bob Stan
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