Remain short towads 1.32400. | 10 Desember 2020
10 Desember 2020, GBP/USD
Wave Analysis
The British pound attempted to break above 1.34470-1.34300 but ended up closing below it, now we expect further momentum to the lower side and may see price break below the lower trendline. If you are on this chart now, expect a possible bounce from the lower trendline to pick a low risk buy position with an ideal target at 1.34470. If the impulsive wave (c) breaks below the lower trendline, then we will be expecting further momentum to the lower side with an ultimate target set around 1.31540.
Trade Recommendations:
Remain short towards 1.32400.
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.
