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Rebuy the cable from 1.23273-1.23177 with an utimate target at 1.24945.

Rebuy the cable from 1.23273-1.23177 with an utimate target at 1.24945. | 04 Octubre 2019

04 Octubre 2019, GBP/USD

Rebuy the cable from 1.23273-1.23177 with an utimate target at 1.24945.

Wave Analysis

During the previous trading day, the cable moved massively to the upper side and even went above 1.23177-1.23273 and is still pretty much above this level. As long as the price is contained above this zone I expect nothing but a possible momentum towards 1.24945. And on the flip side, should the price break below 1.23177, this could invalidate the anticipated bullish price rally and could push the price towards 1.22170, a break below this level could push the price even lower with an ultimate target at 1.201.

Trade Recommendations:

Rebuy the cable from 1.23273-1.23177 with an ultimate target at 1.24945.

TRADE METALS WITHOUT SWAPS!

Bob Stan
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