Wait for a rebuy from within 1.34470-1.34110 towards 1.36812. | 07 يناير 2021
07 يناير 2021, GBP/USD
Wave Analysis
The British pound is currently in an active up trend. While the price remains above the zone 1.34470-1.34110, we expect nothing but a possible momentum to the upperside . Currently we expect a possible continuation of the corrective wave (4) to the lowerside but should not go beyond 1.34470-1.34110 where we'll be looking for a low risk buy position. A rebound from the zone 1.34470-1.34110 will be a good place to consider a possible long term buy positions with an ultimate target set at 1.37800 or even higher.
Trade Recommendations:
Wait for a rebuy from within 1.34470-1.34110 towards 1.36812.
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.
