Sell a rebound from 1.33281. | 28 Agosto 2020
28 Agosto 2020, GBP/USD
Wave Analysis
Despite the previous week's pin bar, the Britsih pound surged massively to the upperside and is currently approaching a major weekly resistance 1.33281, we don't expect the impulsive wave (c) to break beyond this resistance, however, if it does successfully close below 1.33281, then this will be a good place to consider a possible long term buy position with an ultimate target around 1.41840, as it is now, we are looking for long term sell position towards the lowerside trendline, around 1.15385.
Trade Recommendations:
Sell a rebound from 1.33281.
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.
