Remain long towards 1.3454. | 26 نوفمبر 2020
26 نوفمبر 2020, GBP/USD
Wave Analysis
The British pound is currently in an active up trend. As long as the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and should breakout above 1.345654 and may extend much higher with an ultimate target set at 1.3678. As it is now, only buy positions looks ideal. But should the price break below the blue line, then further momentum to the lower side is expected.
Trade Recommendations:
Remain long towards 1.3454.
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.
