Look for low risk buy positions towards 1.32920. | 30 Marzo 2020
30 Marzo 2020, GBP/USD
Wave Analysis
Last week, the cable bounced off from the supportive trendline, headed straight to the upperside and is still pretty much bullish both on the daily and on the weekly charts. We expect this upward rally to be the continuation of a corrective three wave cycle and could see the price break above 1.32920 towards 1.42720. At this point, buy positions looks ideal and can safely be recommended with an ultimate target around 1.32920. On this chart, only buy positions looks ideal and can be recommended.
Trade Recommendations:
Look for low risk buy positions towards 1.32920.
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.
