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We're still short.

We're still short. | 29 March 2019

29 March 2019, GBP/USD

Wave Analysis

During the previous trading week, the cable declined steeply and is still pretty much bearish both on the weekly and the daily charts. As long as the price remains below 1.33015, we expect a possible momentum to the lowerside. But should price break above 1.33015, then this will be an ideal place to look for a long term buy order. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should first break above 1.33015, before a move towards 1.40530 is seen.

Trade Recommendations:

We're still short.

A lot of interesting information on the webinar!

Bob Stan
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