Wait for a possible sell around 1.31789. | 31 Januari 2019
31 Januari 2019, GBP/USD
Wave Analysis
During the previous trading day, the cable pulled back upwards but is still below the level 1.31309 – 1.31789. As long the price remains below this zone, this is still a good sell place., but, in case the price breaks above 1.31789, then this will be an ideal place to look for a long term buy position towards 1.43405. The idea here is to either wait for a break above 1.31789 to pick a long term buy or a bounce from around 1.31309-1.31789 to pick a sell towards 1.27141. If this level is broken, then further bearish move towards 1.21750 or lower is expected.
Trade Recommendations:
Wait for a possible sell around 1.31789.
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.
