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Remain shot towards 1.33069.

Remain shot towards 1.33069. | 08 January 2021

08 January 2021, GBP/USD

Wave Analysis

During the previous trading day, the British pound continued to the lowerside and even went below the the lower trendline. Following the breakouts we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a corrective three wave cycle and could see price break below 1.34275 towards 1.33069. If the price breaks and closes below 1.33069, then we expect further momentum to the lowerside is expected with the next ideal target at 1.31830.

Trade Recommendations:

Remain shot towards 1.33069.

Bob Stan
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