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We're buyers towards 1.33667.

We're buyers towards 1.33667. | 16 December 2021

16 December 2021, GBP/USD

We're buyers towards 1.33667.

Wave Analysis

The British pound continues to rally within a range, not going above 1.32676 or below the level 1.31947. As it is right now, we are expecting a possible break above 1.32676 and may push the price much higher. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should see the price continue much higher with the next ideal target set around 1.33667 and may breakout to the upperside.

Trade Recommendations:

We're buyers towards 1.33667.

Bob Stan
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