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Remain long towards 1.33342.

Remain long towards 1.33342. | 13 February 2020

13 February 2020, GBP/USD

Wave Analysis

So far, nothing much has happened. The cable is still around the same level 1.28830 where we were waiting for a buy from. As long as the price remains above this level, we expect a possible momentum to the upperside, despite the previous bearish pin seen during the previous trading day, we expect this to be the continuation of the corrective wave (4) but should not go beyond 1.29760, if the price bounces off from 1.28830, we expect a possible continuation to the upperside with an ideal target at 1.33342.

Trade Recommendations:

Remain long towards 1.33342.

Bob Stan
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