wait for a pullback to pick a buy position towards 1.31358. | 15 Januari 2019
15 Januari 2019, GBP/USD
Wave Analysis
According to the weekly chart attached, the cable is above a weekly level 1.27053, and as we mentioned in our previous forecasts, as long as the price remains above 1.27053, we expect nothing but a possible steep momentum towards the resistance level 1.30616. According to this chart, only a break below 1.27053 will mean we're short. And on the lower time frames, daily chart, (shown below), the price broke out above a key resistance trendline, and as long as the price remains above, we expect a possible pullback before a move even higher is seen.
Trade Recommendations:
wait for a pullback to pick a buy position towards 1.31358.
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.
