We're long as long as the price is above 1.3201. | 07 Maret 2019
07 Maret 2019, GBP/USD
The cable is currently trading around 1.3175. This is a key level and as long as the price remains above 1.3201, we expect nothing but a possible move to the upperside. As we mentioned previously, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should first break above 1.38335 before a move towards 1.45206 is seen. And on the flip side, should the price break below and close below 1.3201, then we'll expect a possible bearish price rally towards 1.27308.
Trade Recommendations:We're long as long as the price is above 1.3201.
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.
