Only buy a break above 1.33015 | 22 Maret 2019
22 Maret 2019, GBP/USD
Wave Analysis
The cable is still struggling below 1.33015. The line 1.33015 is a major weekly resistance line and while the price is above it, we expect a possible move to the lower side. And on the flip side, should price go above 1.33015, then we'll wait for a retracement back to the same place to pick a low risk buy order towards 1.45706. This upward rally is the continuation of the impulsive wave (c) and should first break above 1.38150 before a move even higher is seen to the target we just mentioned above.
Trade Recommendations:
Only buy a break above 1.33015
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.
