Wait for for a buy from 1.20231-1.21352. | 24 أبريل 2020
24 أبريل 2020, GBP/USD
Wave Analysis
The cable continues to move to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains above 1.21352-1.20231, we expect buyers to dominate around this zone, as it is now, we are holding onto a sell position we took during the previous trading day, we expect a possible surge towards 1.21352-1.20231 but should not go below it. Alternatively, you could have a pending buy limit order from 1.20231 with your take profit at 1.32981.
Trade Recommendations:
Wait for for a buy from 1.20231-1.21352.
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.
