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Wait | 03 April 2020

03 April 2020, GBP/USD

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Wave Analysis

The British pound continues to consolidate with a range, not going above 1.24905 or below 1.23178. While the price is held within this range we are only interested in trading reversals a bounce from 1.24905 will attract a sell while a bounce from 1.23178 will attract a buy. A sustained move above 1.24905 will attract further momentum to the upper side, while a break and close below 1.22905 will mean we are heading to the lower side with ideal target around 1.17735, a break below this level will push the price towards 1.16.

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Bob Stan
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