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Wait for a sell around 1.31200 or 1.33419.

Wait for a sell around 1.31200 or 1.33419. | 18 September 2020

18 September 2020, GBP/USD

Wait for a sell around 1.31200 or 1.33419.

Wave Analysis

During the previous trading day, The British pound continued to the upperside and is still very much bearish both on the daily and on the weekly charts. Despite the previous week's massive rally to the lowerside, we are no seeing a correction to the upperside. The maximum the price should go up to is 1.33419, a breakout above this level will push the price much higher towards 1.35890 while a bounce from the same level will mean we are heading downwards with an ultimate target around 1.16413.

Trade Recommendations:

Wait for a sell around 1.31200 or 1.33419.

Bob Stan
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