12 февраля 2021, GBP/USD
Wave Analysis
Yesterday, the British pulled back to the lowerside but is still above the Alligator indicator attached. As it is now, we are looking for long term buy position, that the current bearish price rally is the unfolding of a corrective wave count but should not go beyond the Green Alligator buffer. If the price breaks below the green line, then we are waiting for a breakout below the blue line to confirm that we will be continuing to the lowerside with our target set around 1.35980 towards 1.31482.
Trade Recommendations:
Wait
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