Wait for a possible buy from the zone 1.31186-1.31134 | 09 نوفمبر 2020
09 نوفمبر 2020, GBP/USD
Wave Analysis
Last week, we took a buy position when the price went above 1.31186-1.31134. As long as the price remains above this zone, we are looking for more long positions expecting price to surge towards 1.3241 and could move up much higher towards 1.35. And on the flipside, should the price breakout below 1.31186-1.31134, then this will be a good place to consider a possible long term sell position with an ultimate target set around 1.30737, and the next target set around 1.30222.
Trade Recommendations:
Wait for a possible buy from the zone 1.31186-1.31134 with an ultimate target set around 1.31970.
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.
