Remain long towards 1.39190. | 09 Tháng hai 2021

09 Tháng hai 2021, GBP/USD

Remain long towards 1.39190.

Wave Analysis

The British pound is currently in an active up trend. As long as the price remains 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 impulsive wave (5) and v to the upperside and should breakout above 1.39190 towards 1.40 or even higher. On the flipside, only a break and close below the Alligator indicator will push the price to the lowerside towards 1.30710 and could move even lower.

Trade Recommendations:

Remain long towards 1.39190.

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Bob Stan
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