We're buyers towards 1.44 | 12 August 2021
12 August 2021, GBP/USD
Wave Analysis
According to the weekly chart attached, Euro is currently in an active up trend. As long as the indicator attached is blue, we are looking for long term buy positons. The anticipated bullish price rally is the continuation of the last impulsive wave (v) and should breakout beyond 1.43190 and may extend much higher towards 1.44 or even higher. The idea in this case, will be to keep looking for long term buy poistions especially after pullbacks. On the chart attached, if the indicator turns red, then we will be intrested in sell positions.
Trade Recommendations:
We're buyers towards 1.44
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.
