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Remain long with your target around 1.32794.

Remain long with your target around 1.32794. | 31 January 2020

31 January 2020, GBP/USD

Wave Analysis

Just as previously forecasted, the cable moved significantly to the upper side after bouncing from the supportive zone 1.29869-1.30168, we expect further momentum to the upper side and should break above 1.31360 towards 1.32798. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should break above 1.32794 with an ultimate target around 1.34760. This view can only be invalidated in case the price breaks and closes below 1.29869.

Trade Recommendations:

Remain long with your target around 1.32794.

Bob Stan
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