Wait for a possible short term sell towards 1.26781. | 13 Marzo 2019
13 Marzo 2019, GBP/USD
The cable is currently trading around 1.03186. The price is below a key weekly line 1.31820 and while the price is contained below this line, we expect a possible correction of the main impulsive wave (c) to the lowerside but should not go beyond 1.27308 where we'll be looking to rebuy the last impulsive wave (b) with an ultimate target at 1.45206. This view can only be invalidated in case the price breaks below 1.26781, if this is the case, then we'll expect a possible steep decline towards 1.21310.
Trade Recommendations:Wait for a possible short term sell towards 1.26781.
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.
