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Expect a move towards 1.32398

Expect a move towards 1.32398 | 01 February 2019

01 February 2019, GBP/USD

Wave Analysis
On the daily chart attached, nothing much has happened, the cable is still around the place where it opened the previous trading day. We expect the bounce from 1.3015 to have marked an end to the corrective wave (iv) that the current rally to the upper side is the continuation of the impulsive wave (v) to the upper side but should not go above 1.32396. If this target is broken, then further move even higher is expected towards 1.43475. But as long as the price remains below 1.32396, then we're still expecting a sell should price bounce from 1.32396.
Trade Recommendations:
Expect a move towards 1.32398

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Bob Stan
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