Remain shot towards 1.33069. | 08 يناير 2021
08 يناير 2021, GBP/USD
Wave Analysis
During the previous trading day, the British pound continued to the lowerside and even went below the the lower trendline. Following the breakouts we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a corrective three wave cycle and could see price break below 1.34275 towards 1.33069. If the price breaks and closes below 1.33069, then we expect further momentum to the lowerside is expected with the next ideal target at 1.31830.
Trade Recommendations:
Remain shot towards 1.33069.
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.
