Remain long towards 1.35. | 31 أغسطس 2020
31 أغسطس 2020, GBP/USD
Wave Analysis
The British pound is currently in an active up trend. While the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should break beyond 1.350 towards 1.40 or even higher. This view will only be rendered futile in case the price breaks below 1.32469, if this is the case, then further momentum to the lower side is expected towards 1.30227.
Trade Recommendations:
Remain long towards 1.35.
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.
