Sell a break below 1.2997. | 07 يناير 2020
07 يناير 2020, GBP/USD
Wave Analysis
During the previous trading day, the corrective wave (iv) continued to the lowerside but could not go beyond 1.2997. Following the bounce from 1.2997, we expect further momentum to the upperside, We expect the current bullish price rally to be the continuation of the impulsive wave (v) to the upperside and should break above 1.3490. A break above this level will push the price to the upperside towards 1.4000. This view can only be invalidated in case the price breaks and closes below 1.2997.
Trade Recommendations:
Sell a break below 1.2997.
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.
