We're buying the cable above 1.31820 towards 1.45206. | 14 Maret 2019
14 Maret 2019, GBP/USD
Wave Analysis
The cable is currently trading above a key level 1.31820. This is a key weekly resistance line and as long as the price remains above it, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should find hurdles around 1.37810, and 1.39850, if these lines are broken, then we'll be heading upwards towards 1.45206. Only a clear break below 1.31820 will attract a long term sell towards 1.26781.
Trade Recommendations:
We're buying the cable above 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.
