Buy a breakout above 1.31612. | 17 أغسطس 2020
17 أغسطس 2020, GBP/USD
Wave Analysis
The British pound is currently consolidating with a range not going above the upper trendline or below the lower trendline, we are waiting for a clear breakout above the upper trendline to confirm that we are upwards towards 1.31612. And should the price breakout above 1.31612, then this will be a good place to consider long term buy position towards 1.325 or even higher. And on the flipside, in case the price breaks below the lower trendline, then further momentum to the lowerside is expected.
Trade Recommendations:
Buy a breakout above 1.31612.
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.
