We're looking for a buy position | 19 يوليو 2018
19 يوليو 2018, GBP/USD
Wave Analysis
The cable is currently rallying around a key weekly support level 1.30708. As long as this support protects the lowerside, this is a perfect long term buy place. Ideally, we're waiting for a clear buy signal to buy this pair at the least risk with an ultimate target at 1.33300. The idea is to wait for further pullback to the lower side, then pick a long position. the anticipated bullish price rally is the unfolding of an impulsive wave cycle and may break above 1.33300 but should not go beyond 1.34660.
Trade Recommendations:
We're looking for a buy position
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
