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Buy a break beyond 1.35360.

Buy a break beyond 1.35360. | 16 December 2020

16 December 2020, GBP/USD

Buy a break beyond 1.35360.

Wave Analysis

Yesterday, the British pound rallied to the upperside but is still below the upperside. Following the previous day's intense rally to the upperside, we expect a possible continuation to the upperside and should break beyond 1.35360 towards 1.365 or even higher. If you are looking at this chart now, keep looking for more rally to the upperside expecting price to break beyond 1.35360 towards 1.36. The anticipated bullish price rally is the continuation of the impulsive wave (5) and (v) and should first break beyond 1.35360 before a rally much higher is seen.

Trade Recommendations:

Buy a break beyond 1.35360.

Bob Stan
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