Look for buy positions now towards 1.31680. | 06 نوفمبر 2020
06 نوفمبر 2020, GBP/USD
Wave Analysis
Yesterday, the British pound surged significantly to the upper side and even went above 1.31210, now that the price has pulled back to the same place, we're considering low risk buy positions with our targets set around 1.31525 and could breakout much higher towards 1.31680. If the price breaks and closes below 1.31210, then we'll need a confirmation, a bearish pin bar, or a bearish engulfing candle to confirm that we are sellers with an ultimate target set around 1.31210 and may extend much lower.
Trade Recommendations:
Look for buy positions now towards 1.31680.
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.
