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Sell a rebound from 1.34540.

Sell a rebound from 1.34540. | 02 December 2020

02 December 2020, GBP/USD

Sell a rebound from 1.34540.

Wave Analysis

The British pound is currently rallying around the upper trendline. As long as the price remains below this trendline, we are waiting for possible sell signals to push price the price to the lowerside towards the lower trendline and should not break below it. If The price breaks above the same trendline to the upperside, then further momentum to the upperside is expected with an ultimate target set around 1.3600 or even higher. A break beyond 1.36 will mean we are continuing upwards towards 1.38.

Trade Recommendation:

Sell a rebound from 1.34540.

Bob Stan
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