Wait | 11 ديسمبر 2020
11 ديسمبر 2020, GBP/USD
Wave Analysis
Just as previously anticipated, the British pound rallied to the lower side but could not go beyond the lower trend line. As long as the price is not able to break below the lower trend line, we are waiting for a bounce from within the zone 1.34470-1.34300, if the price bounces off from this zone, then this will be a good place to consider a possible long term sell position expecting price to break below the lower trend line towards 1.31160. A break beyond 1.34470 will push the price much higher towards 1.35110.
Trade Recommendations:
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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.
