Remain long towards 1.3365. | 19 أغسطس 2020
19 أغسطس 2020, GBP/USD
Wave Analysis
During the previous trading day, the British pound continued to the upper side and even went above the level 1.31770. While the price remains above 1.31770 we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above 1.32680. If the price pulls back to the lower side, then the next best place to consider a trade from is around 1.31770. A break any lower will push the price towards 1.29940.
Trade Recommendations:
Remain long towards 1.3365.
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.
