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Rebuy the cable from around 1.30169.

Rebuy the cable from around 1.30169. | 24 January 2020

24 January 2020, GBP/USD

Remain long with your towards 1.34930.

Wave Analysis

Nothing much happened on this pair during the previous trading day. As long as the price is held above the upper trend line, we expect nothing but a possible momentum to the upper side and should break above 1.34930. A break above this level will push the price much higher towards the next level 1.356. If you're not already in a buy position, you could wait for a pullback towards 1.30168 to pick a low risk buy position and should the price break below 1.29869, then this will give us an ideal place to consider a short position.

Trade Recommendations:

Rebuy the cable from around 1.30169.

Bob Stan
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