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wait and sell the cable from 1.3023 with your take profit at 1.27619.

wait and sell the cable from 1.3023 with your take profit at 1.27619. | 30 April 2019

30 April 2019, GBP/USD

Wave Analysis

The cable continues to pull back to the upperside despite the previous forecast that it could decline to the lowerside. As long as the price remains below the level 1.33130, we expect a possible decline to the 1.27618, this pair established this level as a major support, and is still pretty much above, we expect this level to continue shielding price from penetrating further to the lowerside. The idea is to wait for price to hit the level 1.27618, then pick a low risk buy order, with your first target at 1.33130 and the next at 1.42919.

Trade Recommendations:

wait and sell the cable from 1.3023 with your take profit at 1.27619.

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

Bob Stan
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