We're upwards towards the upper trendline. | 09 Abril 2019
09 Abril 2019, GBP/USD
Wave Analysis:
Perfectly as previously forecasted, the cable bounced off from the supportive zone 1.30095-1.30327 and is still pretty much above this level, as long as the price is contained above the zone mentioned, we expect a possible momentum to the upperside but should not go above the upper trendline. Conservative traders should wait for either a clear breakout below 1.30075 to pick a sell order or a breakout above the upper trendline to pick a buy order towards the level 1.33064. A breakout above will push the price even higher.
Trade Recommendations:
We're upwards towards the upper trendline.
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.
