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Buy the British pound now with your target at 1.36926.

Buy the British pound now with your target at 1.36926. | 19 January 2021

19 January 2021, GBP/USD

Buy the British pound now with your target at 1.36926.

Wave Analysis

Yesterday, the British pound bounced off nicely from the lower supportive trendline and is not showing any signs of breaking below it, if the price breaks and closes below this trendline, then further momentum much lower is expected with an ideal target set at 1.35040. And in case the price continue to sustain itself above the lower trendline, then further momentum much higher is expected. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break above 1.37350.

Trade Recommendations:

Buy the British pound now with your target at 1.36926.

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Bob Stan
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