Expect a possible bullish momentum towards 1.25185. | 30 أبريل 2020
30 أبريل 2020, GBP/USD
Wave Analysis
The cable is currently heading to the upperside, we expect the previous day's rebound from 1.24034 to have marked an end to the corrective wave (D), that the current bullish price rally is the continuation of the impulsive wave (E) to the upper side and should break above the upper trendline. A sustained move above the upper trendline will mean we are continuing to the upperside with an ultimate target around 1.26. A rebound from this trend line will push the price to the lowerside towards the lower trendline.
Trade Recommendations:
Expect a possible bullish momentum towards 1.25185.
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.
