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We're buyers towards 1.34281 and may breakout much higher.

We're buyers towards 1.34281 and may breakout much higher. | 01 Diciembre 2021

01 Diciembre 2021, GBP/USD

We're buyers towards 1.34281 and may breakout much higher.

Wave Analysis

The British pound continues to struggle above the the lower trendline and is not showing signs of breaking below it. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of a corrective wave count and may see the price break above 1.34281 and may extend much higher. If you are looking at this chart right now, wait and buy a break above 1.34281 with an ultimate target set at 1.37615.

Trade Recommendations:

We're buyers towards 1.34281 and may breakout much higher.

Bob Stan
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