Sell a rebound from 1.34540. | 02 ديسمبر 2020
02 ديسمبر 2020, GBP/USD
Wave Analysis
The British pound is currently rallying around the upper trendline. As long as the price remains below this trendline, we are waiting for possible sell signals to push price the price to the lowerside towards the lower trendline and should not break below it. If The price breaks above the same trendline to the upperside, then further momentum to the upperside is expected with an ultimate target set around 1.3600 or even higher. A break beyond 1.36 will mean we are continuing upwards towards 1.38.
Trade Recommendation:
Sell a rebound from 1.34540.
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.
