Expect a possible momentum to the upperside towards 1.3564 or even higher. | 21 August 2020

21 August 2020, GBP/USD

Expect a possible momentum to the upperside towards 1.3564 or even higher.

Wave Analysis

After an attempt to breakout above the upper trend line, the British pound pulled back to the lower side but again ended up below it but failed to touch the lower supportive trend line. We expect the current bullish price rally to be the continuation of the impulsive wave (iii) to the upper side and should breakout above 1.32800 towards 1.3564 or even higher. And in case the price pulls back to the lower side and ends up below the upper trend line, then we are likely to see a surge to the lower side.

Trade Recommendations:

Expect a possible momentum to the upper side towards 1.3564 or even higher.

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus