Sell below 1.22790. | 16 Marzo 2020
16 Marzo 2020, GBP/USD
Wave Analysis
The cable is currently in an active downtrend. Following the break below the recent wedge formation, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 1.22360 towards 1.21345 and could head much lower. If you are looking at this chart now, we only recommend short positions but should the price break above 1.24500 towards 1.26630.
Trade Recommendations:
Sell below 1.22790.
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.
