Sell a bounce from around 1.2985. | 03 ديسمبر 2019
03 ديسمبر 2019, GBP/USD
Wave Analysis
Not much happening on this pair. the cable rallied slightly to the upperside but could not break above the upper trendline. As long as the price does not clear break and close above the upper trendline, we expect a possible momentum to the lowerside and should break below the supportive trendline. And in case the price breaks above the upper trendline, then further momentum to the upperside is expected with an ultimate target around 1.3040. And in case of a move to the lowerside, then best place to pick a sell from is below 1.2765.
Trade Recommendations
Sell a bounce from around 1.2985.
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.
