Wait | 11 Febrero 2020

11 Febrero 2020, GBP/USD

Wait for a possible buy towards 1.3342.

Wave Analysis

The cable is currently trading around 1.29043. Following the break below 1.29343, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (40 to the lower side and should break below 1.28830, the anticipated bearish price rally is the continuation of the corrective wave (4) and could break below 1.26760 or even lower. On this chart, only a bounce from around 1.28830 will attract a possible buy.

Trade Recommendations:

Wait

Bob Stan
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