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Remain long towards 1.35121.

Remain long towards 1.35121. | 31 July 2020

31 July 2020, GBP/USD

Remain long towards 1.35121.

Wave Analysis

During the previous trading day, the British pound continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should break above 1.31600 towards 1.3265 or even higher. The idea is to wait for a pullback to pick a low risk buy position.

Trade Recommendations:

Remain long towards 1.35121.

Bob Stan
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