11 Februari 2021, GBP/USD
Wave Analysis
Just as previously anticipated, the British pound continued slightly to the upperside but is still pretty much bullish both on the daily and on the weekly charts, if you are looking at this chart now, keep looking for more buy position expecting price to continue to the upperside with the next ideal target set at 1.38980. On the flip side, should the price break below the lower blue line, then this will be a good place to consider a possible long term sell position expecting a break below 1.34780 towards 1.31482.
Trade Recommendations:
We're long with our target at 1.3890.
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