Remain long | 05 أغسطس 2020
05 أغسطس 2020, GBP/USD
Wave Analysis
After breaking above the upper trend line, the British pound continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. While the price is contained above this trend line, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is still the continuation of the impulsive wave (E) to the upper side and should break above last week's highest high towards 1.32540 or even higher towards 1.35. Only buy positions looks ideal on this chart.
Trade Recommendations:
Remain long
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
