Expect further correction towards 1.32981. | 17 أبريل 2020
17 أبريل 2020, GBP/USD
Wave Analysis
The British is showing signs of failing to sustain the break above the previous week's highest high. We are expect this downward rally which started few day's ago to be the continuation of a corrective rally and could see price reach 1.21352-1.20231 but should not break any lower. A bounce from this level will give us the best place to consider a possible long term buy order. A break and close below this zone will mean we are continuing to the lower side with an ultimate target at 1.12850.
Trade Recommendations:
Expect further correction 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.
