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Place a pending Buy limit order around 1.30168.

Place a pending Buy limit order around 1.30168. | 09 January 2020

09 January 2020, GBP/USD

Place a pending Buy limit order around 1.30168.

Wave Analysis

So far, nothing much appears to be happening on this pair, We expected a possible decline towards 1.30168 but so far, nothing appears to be happening, we are waiting for a possible decline towards 1.30169 to pick a long term buy order with an ultimate target around 1.35230. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and could break above 1.35230 towards 1.36185. This view can only be invalidated in case the price breaks below 1.30168 towards 1.21860.

Trade Recommendations:

Place a pending Buy limit order around 1.30168.

Bob Stan
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