Remain short towads 1.31775. | 11 Januari 2021
11 Januari 2021, GBP/USD
Wave Analysis
Earlier today, the British pound rallied to the lower side and even went below the zone 1.35248-1.35430. While the price continues to remain below this zone, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of a corrective wave count and could see price break and close below 1.31775. If you are looking at this chart right now, expect a close below 1.35248 to pick a possible long term sell position with an ultimate target set at 1.31775.
Trade Recommendations:
If the price closes below 1.35248, remain short towards 1.31775.
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.
