We're watching for a possible break and close above 1.32380 to pick a possible long term buy positions. | 09 December 2021
09 December 2021, GBP/USD
Wave Analysis
Yesterday, the British pound rallied to the lowerside and is still showing signs of continuing much lower. As long as the price remains below the lower trendline, we are looking for a possible long term sell position. However, if the price again pulls back up and closes above the same trendline, then we will be looking for a possible long term buy positions. The anticipated bullish price rally is the continuation of an impulsive wave count and may see the price break above 1.33685 towards 1.34281.
Trade Recommendations:
We're watching for a possible break and close above 1.32380 to pick a possible long term buy positions.
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.
