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As long as the price is above 1.31820, look for buy orders.

As long as the price is above 1.31820, look for buy orders. | 15 March 2019

15 March 2019, GBP/USD

As long as the price is above 1.31820, look for buy orders.

Wave Analysis

The cable is currently trading above 1.31820. This is a key line and while the price is above it, we expect nothing but a possible momentum to the anticipated bullish price rally is the continuation of the larger wave (c) and should remain valid as long as the price remains above 1.31820. Any close below 1.31820 will push the price to the lowerside with the next ideal target at 1.26781, on this chart, look for the following lines 1.26781, 1.31820, 1.3710 and 1.14206, should price approach any of this lines, we expect a trade.

Trade Recommendations:

As long as the price is above 1.31820, look for buy orders.

A lot of interesting information on the webinar!

Bob Stan
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