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Buy the Bruitish pound towards 1.31670.

Buy the Bruitish pound towards 1.31670. | 29 October 2020

29 October 2020, GBP/USD

Buy the Bruitish pound towards 1.31670.

Wave Analysis

Just as previously anticipated, Yesterday, the British pound spiked massively to the lowerside and even reached our target which was fixed along the lower trendline. On this chart, in case the price breaks and closes below the lower trendline, then we will be expecting further correction to the lowerside but should not go beyond 1.27500. But a clear rebound from this trendline will invalidate the anticipated bearish price rally and could mean we are heading upwards towards 1.31670.

Trade Recommendations:

Buy the British pound towards 1.31670.

Bob Stan
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