Wait for a sell around 1.31200 or 1.33419. | 18 سبتمبر 2020
18 سبتمبر 2020, GBP/USD
Wave Analysis
During the previous trading day, The British pound continued to the upperside and is still very much bearish both on the daily and on the weekly charts. Despite the previous week's massive rally to the lowerside, we are no seeing a correction to the upperside. The maximum the price should go up to is 1.33419, a breakout above this level will push the price much higher towards 1.35890 while a bounce from the same level will mean we are heading downwards with an ultimate target around 1.16413.
Trade Recommendations:
Wait for a sell around 1.31200 or 1.33419.
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.
