We're looking for a buy towards 1.34480. | 09 Marzo 2020
09 Marzo 2020, GBP/USD
Wave Analysis
Just as previously forecasted, the cable bounced off from the level 1.27520 headed straight to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above 1.2750, we expect nothing but a possible momentum to the upper side. We expect the bounce from 1.27520 to have marked an end to the corrective wave (4) that the current bullish price rally is the continuation of the impulsive wave (5) and should break beyond 1.34480.
Trade Recommendations:
We're looking for a buy towards 1.34480.
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.
