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As long as the price remains above 1.32279, we expect nothing but a possible rally towards 1.34281.

As long as the price remains above 1.32279, we expect nothing but a possible rally towards 1.34281. | 07 December 2021

07 December 2021, GBP/USD

Wave Analysis

The British pound pulled back to the upperside and is now above the same trendline. While the price remains above the same trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of a correction to the upperside and may see the price rally upwards towards 1.34104 and may breakout to the upperside with an ideal target set around 1.37780 and may extend much higher.

Trade Recommendations:

As long as the price remains above 1.32279, we expect nothing but a possible rally towards 1.34281.

Bob Stan
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