Look for long term buy positions towards 1.36490. | 31 December 2020
31 December 2020, GBP/USD
Wave Analysis
The British pound is currently in an active up trendline. We're expecting a possible continuation to the upper side and should breakout above 1.36490 towards 1.378 or even higher. A rebound from the upper trend line will attract a possible sell position towards the lower trendline. If the price pulls back to the lower then the best place to consider a possible buy position is from the lower trendline. A breakout below this trend line will mean we are continuing to the lower side with our target at 1.32250.
Trade Recommendations:
Look for long term buy positions towards 1.36490.
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.
