Buy a breakout above 1.30045 towads 1.30295. | 06 Octubre 2020
06 Octubre 2020, GBP/USD
Wave Analysis
The British pound is currently in an active up trend. On this chart, if the price breaks above the previous day's highest high, then this will be a good place to consider a possible long term buy position with an ultimate target set around 1.30295. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should first breakout above 1.30045 towards 1.30295. A failed attempt to break beyond 1.30045 will provide us with a good place to consider a possible long term sell position towards 1.29045.
Trade Recommendations:
Buy a breakout above 1.30045 towards 1.30295.
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.
