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We're buyers towards 1.32676.

We're buyers towards 1.32676. | 15 December 2021

15 December 2021, GBP/USD

We're buyers towards 1.32676.

Wave Analysis

The British pound rallied to the upperside and is now above the upper trendline. While the price remains above this redline, we expect nothing but a possible momentum to the upperside and may break above 1.32676, if the price breaks above this level, then further momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should break above 1.33538 and may extend much higher.

Trade Recommendations:

We're buyers towards 1.32676.

Bob Stan
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