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Buyers are in control

Buyers are in control | 10 November 2020

10 November 2020, GBP/USD

Buyers are in control

Wave Analysis

British pound is currently showing signs of sustaining the break above 1.31186-1.31134. As long as the price remains above 1.31186-1.31134, and also within the ascending channel formation, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see price break beyond 1.32146 towards 1.33 or even higher. On the flipside, in case the price breaks below 1.31186, then we will be looking for low risk sell positions.

Trade Recommendations:

Look for buy positions

Bob Stan
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