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Wait | 12 March 2019

12 March 2019, GBP/USD

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Wave Analysis

In just one day, the cable pulled back steadily and is currently above a key weekly line 1.31820. This is a key weekly line and while the price is above it, we expect further momentum to the upperside with the next ideal target being 1.45206. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should break above 1.35710 towards 1.45206. and on the flipside, should price close below 1.31820, then this will be an ideal place to consider a sell towards 1.26781.

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