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We're now buyers towards 1.34281.

We're now buyers towards 1.34281. | 02 December 2021

02 December 2021, GBP/USD

Wave Analysis

Yesterday, the British pound attempted a break below the lower trendline but ended up closing above it, as it is right now, we are expecting further bullish price rally towards 1.34281 and may possibly break and close above it. If this is the case, then we expect the rebound from the previous day's lowest low to be an end to the impulsive wave (v), that any clear moves to the upperside is the continuation of a corrective wave count and may see the price break beyond 1.35115.

Trade Recommendations:

We're now buyers towards 1.34281.

Bob Stan
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