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Wait | 14 November 2019

14 November 2019, GBP/USD

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Wave Analysis

The cable is still reluctant to make any clear moves to the upperside. Even after a bounce from the lower trendline, we're yet to see any serious moves to the upperside. As long as the price remains above this trendline,we expect a possible momentum to the upperside, the anticipated bullish price rally is the continuation of an impulsive wave count to the upperside and should break above the upper trendline towards 1.3040. And on the flip side, should the price move lower and close below the supportive trendline, then a momentum to the lowerside is expected.

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Bob Stan
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