Rebuy the cable from 1.23273-1.23177 with an utimate target at 1.24945. | 04 اكتوبر 2019
04 اكتوبر 2019, GBP/USD
Wave Analysis
During the previous trading day, the cable moved massively to the upper side and even went above 1.23177-1.23273 and is still pretty much above this level. As long as the price is contained above this zone I expect nothing but a possible momentum towards 1.24945. And on the flip side, should the price break below 1.23177, this could invalidate the anticipated bullish price rally and could push the price towards 1.22170, a break below this level could push the price even lower with an ultimate target at 1.201.
Trade Recommendations:
Rebuy the cable from 1.23273-1.23177 with an ultimate target at 1.24945.
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.
