Wait for a buy from 1.29869. | 21 يناير 2020
21 يناير 2020, GBP/USD
Wave Analysis
According to the 4 hours chart attached, the cable is showing signs of being a potential buy. As long as the price does not break and close below 1.30168-1.29869, we're waiting for a possible bounce to pick a possible long term buy position. Should the price break and close below 1.29869, we'll expect a possible momentum to the upper side, the ideal is to wait for possible low risk buy positions towards 1.35000 and break above this level will push the price much higher towards 1.3651.
Trade Recommendations:
Wait for a buy from 1.29869.
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.
