Remain short towards 1.29580. | 10 أغسطس 2020
10 أغسطس 2020, GBP/USD
Wave Analysis
The British Pound corrected itself to the lower side and even went below the alligator indicator attached, while the price remains below this indicator, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of a correction to the lower side and should break below 1.30120 towards 1.27975. And on the flip side, should the price break and close above 1.31725, then this will be a good place to consider another long term buy position.
Trade Recommendations:
Remain short towards 1.29580.
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.
