Buy a sustained break above 1.24730. | 09 أبريل 2020
09 أبريل 2020, GBP/USD
Wave Analysis
Yesterday, the cable continued to move to the upper side and is still very mush bullish both on the daily and on the weekly charts. While the price is contained above the zone 1.21352-1.20231, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of an impulsive wave count and could see price break above 1.24730 towards 1.33994. At this point, only buy positions looks ideal, but should the price break below 1.20231, then we may expect a possible sell.
Trade Recommendations:
Buy a sustained break above 1.24730.
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.
