We're temporarily a sell towards 1.32676. Only a break above 1.33667 and should push the price much higher towards 1.34550. | 17 December 2021

Wave Analysis

the British pound successfully broke above the level 1.32676 and even hit out take profit set at 1.33538. We're expecting further momentum to the lowerside and should head straight towards 1.32676. If the price break below this level, then a rally much lower is expected. And in case the price breaks above 1.33667, then further momentum to the upperside is expected. the anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should break much higher.

Trade Recommendations:

We're temporarily a sell towards 1.32676. Only a break above 1.33667 and should push the price much higher towards 1.34550.