We're buyers towards 1.4182. | 02 Agosto 2021
02 Agosto 2021, GBP/USD
Wave Analysis
During the previous trading week, the British pound bounced off from the supportive level 1.37384-1.36930 and is still pretty much bullish both on the daily and on the weekly charts. While the price remains above this zone, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the last impulsive wave(v) to the upper side and should break beyond 1.4182 and should head straight towards 1.42.
Trade Recommendations:
We're buyers towards 1.4182.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
