Buy the cable from 1.2577. | 26 ديسمبر 2019
26 ديسمبر 2019, GBP/USD
Wave Analysis:
After an attempt to break above the daily resistance level 1.3390, the cable pulled back steeply to the lower side and is still showing signs of continuing even lower. As long as the price remains below the previous week’s highest high, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the corrective wave (4) and should not go beyond 1.25755 where we’ll be looking forward to buying the last impulsive wave (5) towards 1.4455.
Trade Recommendations:
Buy the cable from 1.2577.
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.
