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Sell this pair with your take profit at 1.23040.

Sell this pair with your take profit at 1.23040. | 24 September 2019

24 September 2019, GBP/USD

Wave Analysis

Earlier this week, the impulsive wave (v) extended slightly to the upperside and even established a resistance around 1.25815. We expect the bounce from 1.25815 to have marked an end to the previous impulsive five wave cycle that the current bearish price rally is the continuation of the corrective three wave cycle and could see the impulsive wave (c) extend even lower towards 1.23040. This view can only be invalidated in case the price breaks above 1.25815, if this is the case, then a momentum to the upperside is expected.

Trade Recommendations:

Sell this pair with your take profit at 1.23040.

TRADE METALS WITHOUT SWAPS!
Bob Stan
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