05 Febrero 2021, GBP/USD
Wave Analysis
During the previous trading day, our stops were triggered when the price closed above the upper trendline. We expect the rebound from 1.35650 to be an end to the last impulsive wave (v) that the current bullish price rally is the continuation of a corrective three wave cycle and could see the price break and close above 1.37484. If you are on this chart, you can wait and rebuy the British pound from around 1.36664-1.36576 with your target at 1.37484 and the next target at 1.37860.
Trade Recommendations:
Wait for a rebuy from around 1.36664-1.36576 towards 1.37478.
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