we're sellers | 20 Juli 2018
20 Juli 2018, GBP/USD
Wave Analysis
During the previous trading day, the impulsive wave (c) extended slightly to the lowerside and is still pretty much bearish both on the daily and the weekly charts. Today and even during the coming week, we expect the impulsive wave (c) extended slightly to the lowerside and should extend further to the lowerside. If you're not short already, you should wait for slight pullbacks to pick low risk short positions with your take profit at 1.2725. If this target is broken, then expect a momentum towards 1.2425.
Trade Recommendations:
Sell the cable
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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.
