We're looking for a buy position towards 1.26770. | 18 سبتمبر 2019
18 سبتمبر 2019, GBP/USD
Wave Analysis
After a slight correction to the lowerside during the previous trading day, the cable is currently pulling back to the upperside. We expect this upward rally to be the continuation of the corrective three wave cycle and should breakout above 1.26770 towards 1.30270 or even higher. This view can only be invalidated in case the price breaks below 1.19770, if this is the case, then further momentum even further to the lowerside is expected with the next ideal target set at 1.18020.
Trade Recommendations:
We're looking for a buy position towards 1.26770.
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.
