Buy the cable with your take profit at 1.3185. | 24 اكتوبر 2019
24 اكتوبر 2019, GBP/USD
Wave Analysis
Just as in Euro, the cable rose massively after hitting the lows of 1.128454. We expect the bounce from this level to have marked an end to the corrective wave (iv), that the current bullish price rally is the continuation of the impulsive wave (v) and could breakout above 1.30185 towards 1.3151 or even higher. As with euro, the anticipated bullish price rally can only be invalidated in case the price breaks below 1.28455, if this is the case, then we'll expect a possible continuation of the corrective wave (iv) towards 1.27560.
Trade Recommendations:
Buy the cable with your take profit at 1.3185.
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.
