Remain short with an ultimate target around 1.28385. | 03 نوفمبر 2020
03 نوفمبر 2020, GBP/USD
Wave Analysis
Nothing much happened during the previous trading day, the price continues to consolidate within an expanding wedge formation but is still within an expanding wedge formation. While we continue to see sustenance within the steep channel formation, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lower side and should break below this week's lowest low with an ultimate target set around 1.28385.
Trade Recommendations:
Remain short with an ultimate target around 1.28385.
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.
