Expect a correction towards 1.31820 | 01 Maret 2019
01 Maret 2019, GBP/USD
Wave Analysis
The previous month's candle closed below a key level 1.3338 but is above 1.31820. According to the weekly chart attached, as long as the price remains above 1.31820, we expect a possible surge to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should break above 1.38150 towards the weekly resistance level 1.45206. As it is on the weekly chart, only a clear breach and close below 1.31820 will attract a sell order towards 1.26781.
Trade Recommendations:
Rebuy the cable from 1.31820 towards 1.45206.
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.
