Remain long towards 1.37. | 04 يناير 2021
04 يناير 2021, GBP/USD
Wave Analysis
As long as the price remains above the Alligator indicator, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should breakout above 1.36960 towards 1.37 or even higher. This view remains valid as long as the price remains above the Alligator indicator, if the price breaks and closes below the blue line, then further momentum much lower is expected with the next ideal target set at 1.36160.
Trade Recommendations:
Remain long towards 1.37.
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.
