GBPUSD. Wait for a rebuy from 1.25350. | 19 July 2019

19 July 2019, GBP/USD

GBPUSD. Wait for a rebuy from 1.25350.

Wave Analysis

The cable is currently consolidating to the lowerside, we expect the current bearish price rally to be the continuation of the corrective wave (iv), but should not go beyond the 4 hour support level 1.25350. As long as the price remains above this level, we expect nothing but a possible momentum to the lowerside but should not go beyond 1.25350 where we'll look for a long term buy order towards 1.25753. This view can only be invalidated in case the price break below 1.25350, if this is true, then further move to the lowerside is expected.

Trade Recommendations:

Wait for a rebuy from 1.25350.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus