Remain long towards 1.3050. | 04 ديسمبر 2019
04 ديسمبر 2019, GBP/USD
Wave Analysis
During the previous trading day, the cable rallied to the upperside and even went above the upper trendline. Now that the price is above the upper trendline, we expect further momentum to the upperside. As long as the price remains above the upper trendline, we expect further momentum to the upperside and should breakout above 1.3050. This view can only be invalidated in case the price breaks again and closes below the supportive trendline, if this is the case, then a momentum towards 1.2210 is expected.
Trade Recommendations:
Remain long towards 1.3050.
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.
