Wait for a sell from around 1.30490. | 10 سبتمبر 2020
10 سبتمبر 2020, GBP/USD
Wave Analysis
After breaking below both the supportive trendline and also below 1.30490. The British pound pulled back to the same level 1.30490 and is currently heading to the lowerside. While we continue to see sustenance below 1.30490, we are waiting for a pullback to the same zone to pick a low risk sell position. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below the lower trendline. This view can only be invalidated in case the price breaks above the upper trendline.
Trade Recommendations:
Wait for a sell from around 1.30490.
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.
