15 February 2021, GBP/USD
Wave Analysis
The British pound is currently in an active up trend. While we continue to see sustenance above the Alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and should breakout above 1.39303. If you are looking at this chart now, keep looking for a long term buy position expecting a break above this level towards the upper side. On the other hand, should the price break below 1.37351, then this will be an ideal place to consider a possible long term sell position.
Trade Recommendations:
Remain long towards 1.39303
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