Wait for a buy from within 1.20231-1.21352 towards 1.32981. | 06 أبريل 2020
06 أبريل 2020, GBP/USD
Wave Analysis
After failing to sustain the break below the zone 1.20231-1.21352, the British pound pulled back to the upperside and is now above the same zone, while the price is held above this zone, we are expecting a possible momentum to the upper side and should break above the previous week's highest high towards 1.32981, this view can only be invalidated in case the price breaks again below 1.20231, this being the case, I expect a possible momentum much lower towards 1.15250 or even lower.
Trade Recommendations:
Wait for a buy from within 1.20231-1.21352 towards 1.32981.
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.
