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