Look for sell positions towards 1.20244. | 20 أغسطس 2019
20 أغسطس 2019, GBP/USD
Wave Analysis
During the previous trading day, the cable continued massively to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the unfolding of an impulsive wave count and should break below 1.20244 towards 1.2000 or even lower. Should price break below 1.20244, then this will be a confirmation that we're continuing to the lowerside.
Trade Recommendations:
Look for sell positions towards 1.20244.
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.
