Resell the cable from 1.21068 | 13 Agosto 2019
13 Agosto 2019, GBP/USD
Wave Analysis
After breaking below the level 1.21060, the cable continued to the lowerside before pulling back to the same zone. As long as the price remains below the level 1.21068, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 1.20040. We expect the current move to the upperside to be the unfolding of a correction to the upperside but should not go beyond 1.21068 where we'll be looking for a long term sell.
Trade Recommendations:
Resell the cable from 1.21068
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.
