Remain long. | 11 Marzo 2020
11 Marzo 2020, GBP/USD
Wave Analysis
On this pair, we eyeing a possible rally towards the daily level 1.3448. 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) to the upper side and should break above 1.29260 towards 1.34480. If this is the case, that the price successfully close above 1.34480, then this will give us an ideal place to consider a possible long term buy position with an ultimate target around 1.4492.
Trade Recommendations:
Remain long.
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.
