Look for long term buy positions. | 23 نوفمبر 2020
23 نوفمبر 2020, GBP/USD
Wave Analysis
During the previous trading day, the British pound continued to the upperside and is still pretty much bullish. While the price remains below the upper trendline, we re expecting a rise towards this trendline. The anticipated bullish price rally is the continuation of the impulsive wave (E) to the upperside and should breakout above the upperside. In case the price bounces off from this trendline, then we will be looking for a possible sell position expecting price to continue to the lowerside towards the lower trendline.
Trade Recommendations:
Look for long term buy positions.
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.
