Wait | 02 نوفمبر 2020
02 نوفمبر 2020, GBP/USD
Wave Analysis
Earlier this week, the British pound rallied to the lowerside but is yet to hit our target set at 1.28897. On this chart, we are expecting further momentum to the lowerside especially after breaking below 1.28897. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should first break and close below 1.28897. Failure to break below this level will mean we are looking for long term buy positions expecting price to rally much higher with an ultimate target at 1.29710.
Trade Recommendations:
Wait
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.
