We're still short. | 29 Maret 2019
29 Maret 2019, GBP/USD
Wave Analysis
During the previous trading week, the cable declined steeply and is still pretty much bearish both on the weekly and the daily charts. As long as the price remains below 1.33015, we expect a possible momentum to the lowerside. But should price break above 1.33015, then this will be an ideal place to look for a long term buy order. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should first break above 1.33015, before a move towards 1.40530 is seen.
Trade Recommendations:
We're still short.
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.
