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Wait for a rebuy from around 1.2999.

Wait for a rebuy from around 1.2999. | 05 December 2019

05 December 2019, GBP/USD

Wave Analysis

Just as expected, the cable spiked massively to the upperside and is till pretty much bullish both on the daily and on the weekly charts. As long as the price is contained above the upper trendlne,we recommend looking for long term buy orders with an ultimate target around 1.3050 and could breakout even higher. The best place to look trade is when the price pullback to the lowerside but does not go below the same trendline, i just went above, Conservative traders should wait for a rebuy from around 1.2999.

Trade Recommendations:

Wait for a rebuy from around 1.2999.

Bob Stan
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