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We're sellers towards 1.26890.

We're sellers towards 1.26890. | 15 Diciembre 2020

15 Diciembre 2020, GBP/USD

Look for long term sell position towards 1.16320.

Wave Analysis

Yesterday, nothing much happened on the British pound, As long as the price remains below the upper trendline, we are looking for long term, sell positions, The anticipated bearish price rally is the continuation of an impulsive wave count and could see price break below 1.26890. If you are looking at this chart now, keep looking for more sell positions expecting price to break below 1.26890 towards 1.15165. The idea is not to pick a sell now, rather wait for a correction to pick a low risk sell position.
Trade Recommendations:
We're sellers towards 1.26890.
Bob Stan
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