We're now buyers towards 1.34281. | 02 December 2021

02 December 2021, GBP/USD

Wave Analysis

Yesterday, the British pound attempted a break below the lower trendline but ended up closing above it, as it is right now, we are expecting further bullish price rally towards 1.34281 and may possibly break and close above it. If this is the case, then we expect the rebound from the previous day's lowest low to be an end to the impulsive wave (v), that any clear moves to the upperside is the continuation of a corrective wave count and may see the price break beyond 1.35115.

Trade Recommendations:

We're now buyers towards 1.34281.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus