Remain long | 27 Marzo 2020
27 Marzo 2020, GBP/USD
Wave Analysis
The British pound is currently in an active up trend. Following the break above 1.19797, I expect further rally to the upper side and should break beyond 1.12615. The anticipated bullish price rally is the continuation of the impulsive waves (E) and (5) and should break above 1.23290. A sustained move above 1.23290 could push the price much higher towards 1.25 or even 1.25. On this chart, only a clear break below the previous day's lowest low will attract a possible sell towards 1.14.
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.
