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We're buyers towards 1.35.

We're buyers towards 1.35. | 13 August 2021

13 August 2021, GBP/USD

We're buyers towards 1.35.

Wave Analysis:

According to the weekly chart attached, the British pound is currently in an active up trend. And as long as the indicator shown above is blue, we are looking for long term buy positions expecting the price to beak beyond 1.45 and may extend much higher. This view will only be rendered futile in case the price breaks below the level 1.34145, if this is the case, then we will be expecting further rally much lower with the next ideal target set at 1.22785.

Trade Recommendations:

We're buyers towards 1.35.

Bob Stan
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