We're upwards as long as the price remains above 1.30095 | 12 April 2019
12 April 2019, GBP/USD
Wave Analysis:
The cable is currently trading around 1.3057, this pair is currently trading within a contracting wedge formation and as long as the price remains above the zone 1.30095-1.30327, we expect a possible rally to the upperside, a clear breakout below 1.30095 may culminate into a possible bearish price rally towards 1.27925. And on the flipside, as long as the price remains above 1.30327, we expect a possible momentum to the upperside towards the monthly/ weekly resistance level 1.33064.
Trade Recommendations:
We're upwards as long as the price remains above 1.30095
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.
