We're short towards 1.30380. | 28 September 2018
28 September 2018, GBP/USD
Wave Analysis
During the previous trading day, the cable traded intensely to the loweside and even went below the level 1.31392. As long as the price remains below this level, we expect further momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.30380, if this is the case, then further momentum to the lowerside is expected. According to the hourly chart above, only a sell position can be adviced but should the price break above 1.31392, then we may consider a long position.
Trade Recommendations:
We're short towards 1.30380.
101% Double the volume
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.
