Look for a sell orders towards 1.27143. | 30 Januari 2019
30 Januari 2019, GBP/USD
Wave Analysis
Yesterday, the cable declined steeply and is now below the level 1.31307. A descend below 1.31307 is a sign of an increase in the sellers, thus, while the price is below this level, we expect a possible correction to the just broken level to pick further sell orders towards 1.27142. A break above 1.31789, will mean waiting for a clear confirmation that we're upwards towards 1.41. This notwithstanding, as long as the price remains below the zone 1.31789-1.31307, we're sellers, we're waiting for corrections to pick for long term sell positions.
Trade Recommendations:
Look for a sell orders towards 1.27143.
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.
