13 Agosto 2020, GBP/USD
Wave Analysis
The British pound is currently rallying within a bullish channel formation. We went short following the bounce from the upper trendline and is still holding, our expectations is that the price should continue to the lower side towards the lower trend line. But in case the price breaks and closes above the upper trendline, then this will be a good place to consider a long term buy position. And in case the price breaks and closes below the lower trendline, then this will be a good place to consider a long term sell position.
Trade Recommendations:
Expect a possible momentum to the lower trendline.
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