Main Scenario: As long as GBPUSD stays above 1.3850, the main trend will be still upwards. Then the pair may go up to to 1.3996 price level
Target Expectation: 1.3996
Considerations Supporting The Scenario:
Sterling edged higher against the euro on Tuesday and erased its earlier losses against the dollar after Europe’s medicines watchdog said AstraZeneca’s COVID-19 vaccine was safe.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.3850
Alternative Target Expectation: 1.3803