Buy the cable with your target at 1.301. | 15 اكتوبر 2019
15 اكتوبر 2019, GBP/USD
Wave Analysis
After hitting the highs of 1.26710, the cable pulled back to the lowerside but could not go below the 4 hour support level 1.25400. We expect the bounce from 1.25400 to have marked an end to the corrective wave (ii), that the current bullish price rally to be the continuation of the impulsive wave (iii) to the upperside and should break above the previous week's highest towards 1.310 and could continue even higher. This view can only be invalidated in case the price bounces off from 1.26710.
Trade Recommendations:
Buy the cable with your target at 1.301.
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.
