Expect a move towards 1.32398 | 01 Februari 2019
01 Februari 2019, GBP/USD
Wave Analysis
On the daily chart attached, nothing much has happened, the cable is still around the place where it opened the previous trading day. We expect the bounce from 1.3015 to have marked an end to the corrective wave (iv) that the current rally to the upper side is the continuation of the impulsive wave (v) to the upper side but should not go above 1.32396. If this target is broken, then further move even higher is expected towards 1.43475. But as long as the price remains below 1.32396, then we're still expecting a sell should price bounce from 1.32396.
Trade Recommendations:
Expect a move towards 1.32398
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.
