Wait | 05 اكتوبر 2020
05 اكتوبر 2020, GBP/USD
Wave Analysis
Last week the British pound consolidated but ended up closing slightly above its opening price. If the price breaks and closes above the 38.2% fib level, then we will expect the impulsive wave (c) to continue to the upperside towards 50.0% fib level where we'll be looking for a possible long term sell position. And on the flip side, if the price breaks below 23.6% fib level, then this too will be a good place to consider a possible long term sell position with an ultimate target set around 1.26640.
Trade Recommendations:
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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.
