Resell the cable from 1.2705 with your take profit at 1.21804. | 19 ديسمبر 2018
19 ديسمبر 2018, GBP/USD
Wave Analysis
The cable continues to pullback to the upperside but is still below the level 1.2705. As we mentioned in our previous forecasts, as long as the price is below this level, we expect nothing but a possible steep decline towards 1.21804. If you're not in any position at the momentum, there's a good sell on the daily chart should price bounce from 1.2705, then this will be a good place to look for a good sell position. Another place to sell from is s break below 1.21804, if this is the case, then a rally even lower is expected.
Trade Recommendations:
Resell the cable from 1.2705 with your take profit at 1.21804.
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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.
