Expect a possible momentum towards 1.20244. | 21 Agustus 2019
21 Agustus 2019, GBP/USD
Wave Analysis
After the Monday's Forecasts, the cable continues to slide lower and is still pretty much bearish. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside. We're basically waiting for a pullback to the upperside to pick a low risk sell order with an ultimate target around 1.20244. On its way to the lowerside, the key lines to look for include 1.20960, 1.20605 and 1.20430. If the last target is broken, then a rally towards 1.20244 is expected.
Trade Recommendations:
Expect a possible momentum towards 1.20244.
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.
