We're waiting for a rebuy from around 1.3370 to pick a long term buy towards 1.3604. | 27 December 2021
27 December 2021, GBP/USD
Wave Analysis
Last week, the British pound rallied to the upperside and is now above thhe level 1.3373. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should break above 1.3604 or even higher. On the flipside, a break below 1.3350 will push the price to the lowerside.
Trade Recommendations:
We're waiting for a rebuy from around 1.3370 to pick a long term buy towards 1.3604.
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.
