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Remain long

Remain long | 05 Agosto 2020

05 Agosto 2020, GBP/USD

Remain long.

Wave Analysis

After breaking above the upper trend line, the British pound continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. While the price is contained above this trend line, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is still the continuation of the impulsive wave (E) to the upper side and should break above last week's highest high towards 1.32540 or even higher towards 1.35. Only buy positions looks ideal on this chart.

Trade Recommendations:

Remain long

Bob Stan
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