We're looking for a sell towards 1.24560. | 29 اكتوبر 2019
29 اكتوبر 2019, GBP/USD
Wave Analysis
In line with the previous day's analysis, the cable continued to the lowerside but is still very much bearish both on the daily and on the weekly charts. As long as the price is contained below 1.28640, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the corrective three wave cycle and should break below 1.27280 towards 1.21840. This view can only be invalidated in case the price breaks above the end of the corrective wave (b), 1.29320.
Trade Recommendations:
We're looking for a sell towards 1.24560.
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.
