Resell the british pound from around 1.30020 with an ultimate target around 1.26668. | 30 سبتمبر 2020
30 سبتمبر 2020, GBP/USD
Wave Analysis
Nothing much happened on this chart during the previous trading day, however, as it is now, we still expect further momentum to the upper side with an ideal target set around 1.30020 but should not breakout any higher. The idea is to wait for a bounce from the level 1.30020 to pick a low risk sell position with an ultimate target set around 1.24831. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should breakout below 1.28126 towards 1.26668.
Trade Recommendations:
Resell the British pound from around 1.30020 with an ultimate target around 1.26668.
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.
