We're short | 30 Juli 2018
30 Juli 2018, GBP/USD
Wave Analysis:
Just as in the Euro, instead of a rally to the upperside, the cable barely moved an inch to the upperside and is now heading to the lowerside, we're waiting for a clear breakout below 1.30, to confirm a possible rally further to the lowerside with the next ideal target being 1.27252. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside. If you're not already in a short position, you can still look for a short position and have your target at 1.27252.
Trade Recommendations:
We're short.
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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.
