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Resell the british pound from around 1.30020 with an ultimate target around 1.26668.

Resell the british pound from around 1.30020 with an ultimate target around 1.26668. | 30 September 2020

30 September 2020, GBP/USD

Resell the british pound from around 1.30020 with an ultimate target around 1.26668.

Wave Analysis

Nothing much happened on this chart during the previous trading day, however, as it is now, we still expect further momentum to the upper side with an ideal target set around 1.30020 but should not breakout any higher. The idea is to wait for a bounce from the level 1.30020 to pick a low risk sell position with an ultimate target set around 1.24831. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should breakout below 1.28126 towards 1.26668.

Trade Recommendations:

Resell the British pound from around 1.30020 with an ultimate target around 1.26668.

Bob Stan
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