Look for buy positions now towards 1.31 | 16 Januari 2019
16 Januari 2019, GBP/USD
Wave Analysis
The cable is currently trading around 1.2854. During the previous trading day, we saw a possible V formation, and the cable ended up closing just a few pips below its opening price. As it is on the weekly chart attached, we expect nothing but a possible steep rise towards 1.30616 or even higher. And according to the weekly chart attached, we expect a similar move to the upperside towards level 1.31352. You could look for a buy position now, and have your first take profit at 1.31 and the next at 1.43.
Trade Recommendations:
Look for buy positions now towards 1.31
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.
