We're remaining with the previous day's buy towards 1.25. | 06 سبتمبر 2019
06 سبتمبر 2019, GBP/USD
Wave Analysis
During the previous trading, the cable continued massively to the upperside and is pretty much bullish both on the daily and the weekly charts. We expect the bounce from 1.23045 to have marked an end to the corrective wave (iv) that the current bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above the previous day's highest high towards 1.24 or even higher. On the flip side, should price break below the end of the corrective wave (iv), then further move to the lowerside is expected.
Trade Recommendations:
We're remaining with the previous day's buy towards 1.25.
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.
