03 December 2020, GBP/USD
Wave Analysis
Earlier this week, the British pound bounced off from the supportive trendline headed straight to the upper side and is still pretty much bullish. If you are looking at this chart now, expect price to continue to the upper side and should break beyond 1.34195. The anticipated bullish price is the continuation of the impulsive wave (v) to the upper side and should breakout beyond the upperside and should break beyond 1.34645 with an ultimate target set around 1.35 and may breakout even higher.
Trade Recommendations:
Remain long towards 1.34645
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