GBPUSD Wave Analysis – 2 December, 2021

• GBPUSD reversed from support level 1.32

• Likely to rise to resistance level 1.3365

GBPUSD currency pair recently reversed up from the long-term support level 1.32 (which has been reversing the pair from last year) intersecting with the lower daily Bollinger Band.

The upward reversal from the support level 1.32 created the daily Japanese candlesticks reversal pattern Hammer.

GBPUSD currency pair can be expected to rise further toward the next resistance level 1.3365 (former support from the start of November).