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Wait for a possible buy towards 1.3342.

Wait for a possible buy towards 1.3342. | 10 February 2020

10 February 2020, GBP/USD

Wait for a possible buy towards 1.3342.

Wave Analysis

So far, since Friday, nothing much is happening on this pair, the cable is still above the level 1.28830. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside, We expect the bounce from 1.28830 to have marked an end to the corrective wave (4), that the current bullish price rally is the continuation of the impulsive wave (5) to the upper side and should break above 1.33342 towards 1.43320, on this chart, only a break below 1.28830 will attract a sell towards 1.18480.

Trade Recommendations:

Wait for a possible buy towards 1.3342.

Bob Stan
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