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Wait and buy GBPUSD from 1.36690 towards 1.38.

Wait and buy GBPUSD from 1.36690 towards 1.38. | 15 January 2021

15 January 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.

Bob Stan
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