Buy a break above 1.42155 towards 1.45. | 26 May 2021

Wave Analysis

The British pound is currently rallying within a contracting wedge formation. If the price breaks above the upper trendline, then further momentum to the upperside is expected towards 1.42155 and may breakout even higher. If the price breaks above this level , then further momentum to the upperside is expected with an ideal target set at 1.45. And on the otherside, should the price break below the lower trendline, then further momentum to the lowerside is expected with an ideal target at 1.39696.

Trade Recommendations:

Buy a break above 1.42155 towards 1.45.

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