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Resell a rebound from 1.30063 with your target at 1.26779.

Resell a rebound from 1.30063 with your target at 1.26779. | 01 October 2020

01 October 2020, GBP/USD

Resell a rebound from 1.30063 with your target at 1.26779.

Wave Analysis

Just as previously anticipated the corrective wave (b) rallied significantly to the upperside but could not reach our target fixed around 1.30063. Today, we expect a possible continuation of the impulsive wave (b) to the upperside towards 1.30063. If the price breaks and closes above this level then we may see a rally much higher. A rebound from this level will mean we are heading to the lowerside with the impulsive wave (c) and should breakout below 1.24802 towards 1.22476.

Trade Recommendations:

Resell a rebound from 1.30063 with your target at 1.26779.

Bob Stan
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