We're waiting for a rebuy from around 1.3370 to pick a long term buy towards 1.3604. | 27 Desember 2021

27 Desember 2021, GBP/USD

We're waiting for a rebuy from around 1.3370 to pick a long term buy towards 1.3604.

Wave Analysis

Last week, the British pound rallied to the upperside and is now above thhe level 1.3373. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should break above 1.3604 or even higher. On the flipside, a break below 1.3350 will push the price to the lowerside.

Trade Recommendations:

We're waiting for a rebuy from around 1.3370 to pick a long term buy towards 1.3604.

Bob Stan
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