Remain long towards 1.32. | 06 أغسطس 2020
06 أغسطس 2020, GBP/USD
Wave Analysis
During the previous trading day, the British pound continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the Alligator indicator attached, we are in an active up trend, the idea is to look for low risk buy positions expecting price to continue to the upper side towards 1.324 and could breakout even higher. On the flip side, should the price break below the Alligator indicator attached, then we will be looking for long term sell positions.
Trade Recommendations:
Remain long towards 1.32.
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.
