Remain long towards 1.3454. | 26 November 2020

26 November 2020, GBP/USD

Remain long towards 1.3454.

Wave Analysis

The British pound is currently in an active up trend. As long as the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and should breakout above 1.345654 and may extend much higher with an ultimate target set at 1.3678. As it is now, only buy positions looks ideal. But should the price break below the blue line, then further momentum to the lower side is expected.

Trade Recommendations:

Remain long towards 1.3454.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus