Wait for a sell from 1.23177. | 07 اكتوبر 2019
07 اكتوبر 2019, GBP/USD
Wave Analysis
Last week, the cable rallied to the lowerside and even went below the zone 1.23177-1.23267 and is still pretty much below this zone, while the price is contained below this zone, we expect nothing but a possible momentum to the lowerside,. the anticipated bearish price rally is the continuation of an impulsive wave count and should break below 1.22135 towards 1.2051 or even lower. And on the flip side, should price break above 1.23267, then we will consider a long term buy.
Trade Recommendations:
Wait for a sell from 1.23177.
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.
