Rebuy cable around 1.27355.

12 February 2019, GBP/USD

Rebuy cable around 1.27355.

Wave Analysis

The cable is currently trading around the tip of the previous week's lowest low. We expect a possible momentum towards the weekly support level 1.27355 to pick a long position towards 1.33390. Basically, as long as the price remains above 1.27355, we expect a possible momentum to the upperside. This view can only be invalidated in case the price breaks below 1.27355, if this is the case, then a move even lower is expected with the next ideal target being along the trendline to the lowerside.

Trade Recommendation:

Rebuy cable around 1.27355.


Graham Osano
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2019 FreshForex – Forex broker
manager photo manager photo
We will be pleased to answer any questions you may have



Get bonus

FreshForexInstant deposit