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Remain long towards 1.35

Remain long towards 1.35 | 11 November 2020

11 November 2020, GBP/USD

Remain long towards 1.35

Wave Analysis

During the previous trading day, the British pound continued to the upperside and is still pretty much bullish. Following the breakout above the upper trendline, 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 and close above 1.33 or even higher. If the price pulls back to the lowerside, then the best place to look for a buy is from the same trendline with an ultimate target at 1.35.

Trade Recommendations:

Remain long towards 1.35

Bob Stan
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