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Sell GBPUSD below 1.2768 with take profit at 1.2100.

Sell GBPUSD below 1.2768 with take profit at 1.2100. | 27 Noviembre 2018

27 Noviembre 2018, GBP/USD

Sell GBPUSD below 1.2768 with take profit at 1.2100.

Wave Analysis

During the previous trading day, the cable declined slightly, but is still above 1.2768, We're patiently waiting for a clear breakout below 1.2768, then a retracement to the just broken level to pick a long term short position with the next ideal target at 1.2100. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should first break below 1.2768 before a move further towards 1.2100 is seen. According to the daily chart attached, only a clear bounce from 1.2768 will attract a long position towards 1.3301.

Trade Recommendation:

Sell GBPUSD below 1.2768 with take profit at 1.2100.

101% Double the volume

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