Expect a possible rally towards 1.35765 | 22 November 2021
22 November 2021, GBP/USD
Wave Analysis:
Recently, the British pound bounced off from the lower trendline and is currently heading to the upperside, as it is right now, we are looking forward to a possible rally towards 1.35765-1.36189 and should not break above it. This upward move is the continuation of a correction and should not go above 1.35767. If the price should ascend beyond 1.36189, then we are buyers. However, a break below the lower trendline will mean we are sellers, and that we are continuing short with the last impulsive wave (5).
Trade Recommendations:
Expect a possible rally towards 1.35765
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.
