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Remain long towards 1.37.

Remain long towards 1.37. | 04 January 2021

04 January 2021, GBP/USD

Wave Analysis

As long as the price remains above the Alligator indicator, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should breakout above 1.36960 towards 1.37 or even higher. This view remains valid as long as the price remains above the Alligator indicator, if the price breaks and closes below the blue line, then further momentum much lower is expected with the next ideal target set at 1.36160.

Trade Recommendations:

Remain long towards 1.37.

Bob Stan
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