Wait for a buy from 1.29869 with your take profit at 1.32794. | 29 يناير 2020
29 يناير 2020, GBP/USD
Wave Analysis
As expected, the cable rallied to the lower side but could not break below 1.29869-1.30168. As long as the price does not break below this zone, we choose to remain flat, we are expect a bounce from around 1.29869-1.30168 to mark an end to the corrective wave (b) that any clear bullish candles will mark the beginning of the impulsive wave (c) to the upper side towards 1.32794. A break above this level will push the price much higher towards 1.34950. A break below 1.29869 will push the price much lower towards 1.27215.
Trade Recommendations:
Wait for a buy from 1.29869 with your take profit at 1.32794.
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.
