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Sell cable towards the 1.2770.

Sell cable towards the 1.2770. | 26 November 2019

26 November 2019, GBP/USD

Sell GBPUSD towards 1.2770.

Wave Analysis

Just as stated in the previous day's forecast, the cable continued slightly to the lowerside but is still within the expanding wedge formation. As long as the price remains within this shape formation, we are waiting for a buy from the lower trendline, and a sell from the upper trendline. If price breaks and closes above the upper trendline, then we will expect a possible continuation of the impulsive wave (C) to the upperside and should breakout above 1.3295 towards 1.4120 or even higher.
Trade Recommendations:
Sell cable towards the 1.2770.
Bob Stan
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