Still pulling-back in up-trend | 03 December 2013
03 December 2013, GBP/USD
GBP/USD is still pulling-back in an up-trend. Overall the dominant short-term bull-trend is expected to resume and take the pair higher eventually, particularly if there is a break above 1.64175. The bullish count calculated using the column at the base of the pull-back on the 26th November, generates an upside target of 1.6680, which could eventually be reached, although a nearer-term target is at 1.6550.
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.
