We're remaining with the previous day's buy towards 1.25. | 06 Septiembre 2019

06 Septiembre 2019, GBP/USD

We're remaining with the previous day's buy towards 1.25.

Wave Analysis

During the previous trading, the cable continued massively to the upperside and is pretty much bullish both on the daily and the weekly charts. We expect the bounce from 1.23045 to have marked an end to the corrective wave (iv) that the current bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above the previous day's highest high towards 1.24 or even higher. On the flip side, should price break below the end of the corrective wave (iv), then further move to the lowerside is expected.

Trade Recommendations:

We're remaining with the previous day's buy towards 1.25.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.