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Buy a rebound from within 1.312-1.3086.

Buy a rebound from within 1.312-1.3086. | 18 December 2019

18 December 2019, GBP/USD

Wave Analysis

The cable has pulled back 100% back to where the impulsive wave (3) started. This is a perfect buy place and as long as the price remains above it, 1.3012-1.3086, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (3) to the upperside and should break above 1.3530 towards 1.361 or even higher. And on the flip side, should the price break and close below 1.3012, we're turning into sellers with our target at 1.2780.

Trade Recommendations:

Buy a rebound from within 1.312-1.3086.

Bob Stan
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