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We're buyers towards 1.41.

We're buyers towards 1.41. | 31 August 2021

31 August 2021, GBP/USD

We're eying a possible sell towards 1.33328

Wave Analysis
Just as Euro, the British rallied slightly to the upperside but is still pretty much bullish. As it is right now, we are buyers. We're waiting for a pullback towards the previous day's opening price to pick a possible long term buy position, we are expecting the price to continue to the upperside with an ideal target set around 1.4182 and may continue much higher. On the flipside, should the price break below the previous day's lowest low, then this will be a good place to consider a possible momentum to the lowerside.
Trade Recommendations
We're buyers towards 1.41.
Bob Stan
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