04 February 2021, GBP/USD
Wave Analysis
During the previous day, the British pound continued to lowerside and is still pretty much bearish both on the daily and on the weekly charts. While the price remains below 1.36167-1.36115, we expect nothing but a possible momentum the lowerside. If you are looking at this chart now, keep looking for long term sell positions expecting a breakout below 1.35655. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and may see price break below 1.35655.
Trade Recommendations:
Remain short towards 1.35665.
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