Expect a possible momentum towards 1.32100. | 08 ديسمبر 2020
08 ديسمبر 2020, GBP/USD
Wave Analysis
Yesterday, the British pound established a support along the lower trendline. We expect this bounce to be an end of the impulsive wave (a), that the current bullish price rally is the continuation of the corrective wave (b) to the upperside and should not go beyond 1.34065. Any sign that the corrective wave (b) is ended will be a good time to sell the last impulsive wave (c) to the lowerside with an ultimate target set along the lower trendline. Only a break an close above 1.34065 will push the price to the upperside towards 1.35470,
Trade Recommendations:
Expect a possible momentum towards 1.32100.
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.
