Resell a rebound from 1.30063 with your target at 1.26779. | 01 اكتوبر 2020
01 اكتوبر 2020, GBP/USD
Wave Analysis
Just as previously anticipated the corrective wave (b) rallied significantly to the upperside but could not reach our target fixed around 1.30063. Today, we expect a possible continuation of the impulsive wave (b) to the upperside towards 1.30063. If the price breaks and closes above this level then we may see a rally much higher. A rebound from this level will mean we are heading to the lowerside with the impulsive wave (c) and should breakout below 1.24802 towards 1.22476.
Trade Recommendations:
Resell a rebound from 1.30063 with your target at 1.26779.
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.
