GBP / USD Forecast: still within a range not going below 1.37120 or above 1.40360


Wave Analysis

Nothing much appears to be happening on this chart in our direction, we are still within a range not going below 1.37120 or above 1.40360. If the price can pullback nicely towards 1.36310 then this should be the correct place to consider a possible long term buy position. However a breakout and close above 1.40360 may mean we are continuing to the upper side with an ultimate target set around 1.41980. A breakout above this level will push the price much higher towards 1.42.

Trade Recommendations:

Wait for a possible buy from around 1.36310 towards 1.41980.

Expect a possible sell position from 1.37930 towards 1.35500.

Origin: FreshForex


Avatar

Karice Dabule

Read Previous

Coinbase Founder To Release Music Tracks As NFT

Read Next

expects employment reports to continue to show impressive growth