We're sellers as long as the price remains below 1.33342. | 03 سبتمبر 2020
03 سبتمبر 2020, GBP/USD
Wave Analysis
The British pound is showing signs of failing to sustain a break above 1.33342. As long as the price remains below 1.33342, A significant weekly resistance level, we are expecting the current bounce from this level to be an end to both the impulsive waves (5) and (c) to the upperside and the beginning of a correction to the lowerside. At this point, only sell positions looks ideal and can safely be recommended. This view will only be invalidated in case the price breaks and closes above 1.33342.
Trade Recommendations
Look for sell positions as long as the price remains below 1.33342.
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.
