Resell the cable from 1.25671. | 09 سبتمبر 2019
09 سبتمبر 2019, GBP/USD
Wave Analysis
Despite the previous week's forecast that this pair could plummet towards 1.19105, the cable rose tremendously and is still pretty much bullish both on the daily and the weekly charts, As long as the price is protected from breaking to the upperside by the level 1.25671-1.24827, we expect further momentum to the lowerside, we expect the current bullish price rally to be the unfolding of a correction of the previous impulsive wave count and should not go beyond 1.25671, where we'll be looking to resell the last impulsive wave (v).
Trade Recommendations:
Resell the cable from 1.25671.
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.
