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Wait for a rebound from 1.21650 to pick a buy position with your take profit at 1.33363.

Wait for a rebound from 1.21650 to pick a buy position with your take profit at 1.33363. | 29 April 2020

29 April 2020, GBP/USD

Wave Analysis

Despite the previous forecast that this pair could decline towards 1.21650, nothing much has been seen on this pair, we still expect further momentum to the lower side but should not go beyond 1.21650. The anticipated bearish price rally is the continuation of a corrective wave count and could see price bounce from 1.21650 where we'll be looking to buy the last impulsive wave count towards 1.33363. This view will only be invalidated in case the price breaks and closes below 1.21650 towards 1.15015.

Trade Recommendations:

Wait for a rebound from 1.21650 to pick a buy position with your take profit at 1.33363.

Bob Stan
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