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Remain long for now.

Remain long for now. | 04 Diciembre 2020

04 Diciembre 2020, GBP/USD

Remain long for now.

Wave Analysis

The British pound is currently in an active up trend. As long as the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break beyond 1.35240. If you are on this chart, keep looking for more upward positions. On ths flipside, should the price break below the blue line, then this will be a good place to consider a possible momentum to the lowerside.

Trade Recommendations:

Remain long for now.

Bob Stan
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