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We're buyers towards 1.38.

We're buyers towards 1.38. | 24 August 2021

24 August 2021, GBP/USD

We're waiting for a buy from 1.33160 towards 1.43831.

Wave Analysis:
Yesterday, the British pound bounced off from around 1.36165, headed straight to the upperside and is still showing signs of continuing to the upperside, while the price remains above the previous day's highest high, we expect nothing but a possible momentum to the uppperside. As it is right now, we are waiting for a bearish correction to pick a possible long term, low risk buy position expecting the price to continue to the upperside with an ideal target fixed at 1.422460 and may continue even higher.
Trade Recommendation:
We're buyers towards 1.38.
Bob Stan
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