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Wait | 12 November 2020

12 November 2020, GBP/USD

Wave Analysis

Yesterday, the British pound continued to the upper side but failed to break above 1.33195, after a rebound from around this level, the British pound continued to the lower side and is currently around the lower trend line. If the current candle closes below the supportive trend line then this will be a good place consider a possible sell position with an ultimate target around 1.31134. A breakout below this level will mean we are continuing to the lower side with an ultimate target set around 1.30737.

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Bob Stan
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