We're looking for long positions | 18 Juli 2018
18 Juli 2018, GBP/USD
Wave Analysis
During the previous trading day, the cable traded massively to the lowerside and is currently rallying around the previous week's lowest low, 1.310. This could be a good buy place for long term buyers and as long as the price is contained above the previous week's lowest low, we're looking for along position with an ultimate target at 1.33300. However, should price remain below 1.31896, then we may seen a bearish momentum but should not go beyond 1.27252.
Trade Recommendations:
We're looking for long positions
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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.
