Wait for a possible buy from 1.26749, or a break below to pick a sell towards 1.25810. | 13 Junio 2019
13 Junio 2019, GBP/USD
Wave Analysis
The cable is currently trading within a tight range, not going above 1.27 or below 1.26749. As long as the price is contained within this range, we're waiting for either a bounce from 1.26749 to pick a buy, or a bounce from 1.27465 to pick a sell. Any break below 1.26749 will culminate into a possible rally further to the lowerside with the next ideal target being at 1.25810, a breakout above 1.27465 will mean we're looking for a low risk buy order with our target being at 1.30470 or even higher.
Trade Recommendations:
Wait for a possible buy from 1.26749, or a break below to pick a sell towards 1.25810.
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.
