We're short towards 1.26781. | 01 April 2019
01 April 2019, GBP/USD
gbpusd
Wave Analysis
During the previous week, despite the bullish engulfing candle and the Bullish inside pin bar, This pair failed to breakout above the weekly resistance line 1.33015. This is a key weekly level, and while the price remains below it, we remain hesitant to look for any long positions. But should price close above 1.33015, then we'll be expecting to continue long with the last impulsive wave (c) towards 1.40530 and should breakout even higher towards 1.45206. As it is, a short position towards 1.26781 looks more ideal.
Trade Recommendations:
We're short towards 1.26781.
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.
