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Look for buy positions towards 1.33342.

Look for buy positions towards 1.33342. | 20 February 2020

20 February 2020, GBP/USD

Look for buy positions towards 1.33342.

Wave Analysis

Yesterday the corrective wave (4) continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains above the level 1.289250, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (5) and could break above 1.33342, if this is the case, then further momentum to the upper side is expected with an ultimate target around 1.42450.

Trade Recommendations:

Look for buy positions towards 1.33342.

Bob Stan
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