Buy the Bruitish pound towards 1.31670. | 29 اكتوبر 2020
29 اكتوبر 2020, GBP/USD
Wave Analysis
Just as previously anticipated, Yesterday, the British pound spiked massively to the lowerside and even reached our target which was fixed along the lower trendline. On this chart, in case the price breaks and closes below the lower trendline, then we will be expecting further correction to the lowerside but should not go beyond 1.27500. But a clear rebound from this trendline will invalidate the anticipated bearish price rally and could mean we are heading upwards towards 1.31670.
Trade Recommendations:
Buy the British pound towards 1.31670.
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.
