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We're short towards 1.27082.

We're short towards 1.27082. | 16 November 2018

16 November 2018, GBP/USD

We're short towards 1.27082.

Wave Analysis

The cable continues to plummet perfectly as we forecasted, and is still pretty much bearish both on the lower and higher time frames. Following the break below the short term support level 1.28115, we expect further stretch to the lowerside with an ultimate target at 1.27082. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.27082, if this is the case, then we'll expect further momentum to the lowerside with the next ideal target being 1.20590.

Trade Recommendations:

We're short towards 1.27082.

101% Double the volume

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