wait | 03 Marzo 2020
03 Marzo 2020, GBP/USD
Wave Analysis
The corrective wave (4) continues to plunge mush lower than expected. We expect further correction to the lower side as long as the price does not break and close below 1.26305. As it is on the daily chart attached, it wise to remain on the sidelines, expecting price to bounce off from around 1.26305. But should the price break and close Below 1.26305, then this will be a good place to consider a possible long term sell order towards 1.24220. A break above 1.28150 will confirm that we are continuing to the upper side.
Trade Recommendations:
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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.
