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We're short towards 1.27618

We're short towards 1.27618 | 29 April 2019

29 April 2019, GBP/USD

We're short towards 1.27618

Wave Analysis

The cable is currently trading with an increasing bearish bias momentum. Following the previous week's decline in price, we expect further momentum to the lowerside but should not go below the level 1.27618. As long as the price remains above 1.27618, we're waiting for a low risk buy order towards 1.33130. And should price breakout to the lowerside, then this may invalidate the anticipated bullish price rally and could push price intensely to the lowerside towards 1.16490.

Trade Recommendations:

We're short towards 1.27618.

Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.

Bob Stan
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