Look for low risk buy positions towards 1.30240.

17 September 2020, GBP/USD

Wave Analysis

Yesterday, the British pound headed massively to the upper side but has now pulled back to the lower trendline. As it is now, we are waiting for a clear bounce from the lower trendline to pick a low risk buy position. And in case the price breaks and closes below this trendline, then we will be expecting further momentum to the lowerside. If the price bounces off from the supportive trendline, then we are buyers as mentioned above, On its way upwards the key levels to look for include 1.29660 and 1.30240.

Trade Recommendations:

Look for low risk buy positions towards 1.30240.

Graham Osano
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