GBP/USD Forecast: long as the price remains above 1.32430

gbp_cfd_1Wave Analysis

After breaking above 1.31278, the cable continued to the upper side and is still very much bullish both on the daily and the weekly charts. As long as the price remains above 1.32430, we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (E) to the upper side and should break beyond 1.32660 towards 1.34 or even higher. According to the current time frame, only a buy position looks more ideal and can be recommended with an ultimate target at 1.36.

Trade Recommendations:

We’re still long

We're still long

Origin: FreshForex

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