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Sell a break below 1.22791.

Sell a break below 1.22791. | 01 Octubre 2019

01 Octubre 2019, GBP/USD

Sell a break below 1.22791.

Wave Analysis

Since 27th September, the cable established a support around 1.22791 and has not been able to close below this level. As long as this level protects price from breaking to the lowerside, we expect a possible bounce from it to pick a long term buy order. But should price clearly close below it, then this will mean we're continuing short with the last impulsive wave (v) to the lowerside and should break below 1.22645 towards 1.21012. This view can only be invalidated in case the price rise above 1.23525.

Trade Recommendations:

Sell a break below 1.22791.

TRADE METALS WITHOUT SWAPS!
Bob Stan
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