Wait and buy GBPUSD from 1.36690 towards 1.38. | 15 Januari 2021
15 Januari 2021, GBP/USD
Wave Analysis
Yesterday, the British pound attempted a breakout above the swing high 1.36690. As long as the price continues to show sustenance above this level, we expect nothing but a possible momentum to the upperside. If you are on this chart now, keep looking for more momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above 1.3730 towards 1.38 or even higher. As it is now, we don't recommend any sell positions. Only buy positions looks ideal.
Trade Recommendations:
Buy a pullback towards 1.36690 towards 1.38.
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.
