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Remain long with your take profit at 1.35080.

Remain long with your take profit at 1.35080. | 22 January 2020

22 January 2020, GBP/USD

Wait for a buy from 1.29869.

Wave Analysis

Just as previously anticipated, the cable bounced off from the zone 1.29869 and is currently heading to the upper side. As long as the price remains above the zone 1.29869-1.301680, we are looking for long term buy positions, the anticipated bullish price rally is the continuation of an impulsive wave count and could see the price rush upwards but should not go beyond 1.35000. If the price breaks and closes beyond this level, then further momentum even higher is expected.

Trade Recommendations:

Remain long with your take profit at 1.35080.

Bob Stan
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