As long as the price remains above 1.32279, we expect nothing but a possible rally towards 1.34281. | 07 December 2021
07 December 2021, GBP/USD
Wave Analysis
The British pound pulled back to the upperside and is now above the same trendline. While the price remains above the same trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of a correction to the upperside and may see the price rally upwards towards 1.34104 and may breakout to the upperside with an ideal target set around 1.37780 and may extend much higher.
Trade Recommendations:
As long as the price remains above 1.32279, we expect nothing but a possible rally towards 1.34281.
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.
