We're buyers towards 1.34281 and may breakout much higher. | 01 December 2021
01 December 2021, GBP/USD
Wave Analysis
The British pound continues to struggle above the the lower trendline and is not showing signs of breaking below it. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of a corrective wave count and may see the price break above 1.34281 and may extend much higher. If you are looking at this chart right now, wait and buy a break above 1.34281 with an ultimate target set at 1.37615.
Trade Recommendations:
We're buyers towards 1.34281 and may breakout much higher.
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.
