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Buy the cable above 1.2768 towards 1.3301.

Buy the cable above 1.2768 towards 1.3301. | 30 Noviembre 2018

30 Noviembre 2018, GBP/USD

Buy the cable above 1.2768 towards 1.3301.

Wave Analysis

Yesterday, the cable pulled back to the lower side but is still above the level 1.2768. As we mentioned in our previous forecasts, as long as the price remains above 1.2768, we expect nothing but a possible momentum to the upper side. However, in case the price breaks below 1.2768, then we highly recommend looking for a long term short position. The anticipated bearish price price rally is the continuation of the impulsive wave (c) to the lower side and should head towards 1.2100. As it is, only a buy position looks ideal.

Trade Recommendations:

Buy the cable above 1.2768 towards 1.3301.

Be the first to get $5 for participation in the webinar 8.30 GMT!

Bob Stan
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