Remain long towards 1.424. | 01 سبتمبر 2020
01 سبتمبر 2020, GBP/USD
Wave Analysis
During the previous trading day, both the impulsive waves (5) and (v) continued to the upperside and even went above 1.34475. As long the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside, the idea is to look for long term buy positions expecting price to continue to the upperside with an ultimate target around 1.40. As it is now, we are waiting for a pullback towards the same the same trendline to look for a low risk buy position.
Trade Recommendations:
Remain long towards 1.424.
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.
