We're buyers towards 1.39580. | 01 November 2021

01 November 2021, GBP/USD

We're buyers towards 1.39580.

Wave Analysis

During the previous trading week, the British pound rallied to the upperside and even went above the upper trendline, as long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of an impulsive wave count and could see the price break above 1.39580 and could see the price continue much higher towards 1.40.

Trade Recommendations:

We're buyers towards 1.39580.

Bob Stan
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