Look for sell positions towards 1.27151. | 19 اكتوبر 2020
19 اكتوبر 2020, GBP/USD
Wave Analysis
Few days ago, the British pound almost hit the 50.0% fib level before embarking on a bearish momentum. As long as the price remains below the 50.0% fib level, we expect nothing but a possible momentum to the lower side with an ultimate set around 1.27151. A break below this level will push the price much lower towards 1.23740. And in case the price breaks out above 38.2% fib level then further momentum much higher will be expecting with an ultimate target set around 61.8%.
Trade Recommendations:
Look for sell positions towards 1.27151.
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.
