Sell the cable from 1.24241. | 26 Agustus 2019
26 Agustus 2019, GBP/USD
Wave Analysis
On this chart, the main levels to look for include 1.20928, 1.24241, and 1.27405. During this week and possibly in the next few weeks, we expect this pair to remains within a range not going above 1.20928 or below 1.24241. These are key levels. Following the previous weeks momentum to the upperside, we expect further momentum to the upperside but should not go beyond 1.24241, this is a good place and should act as a low risk sell place towards 1.20928. This view can only be invalidated in case the price breaks above 1.24241.
Trade Recommendations:
Sell the cable from 1.24241.
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.
