We're upwards towards 1.27160 | 16 September 2019
16 September 2019, GBP/USD
Wave Analysis
After hitting the lows of 1.20725, the cable is currently correcting itself to the upperside, we expect the bounce from 1.20725 to have marked an end to the previous impulsive waves (5) and (v), that the current bullish price rally is the continuation of a corrective three wave cycle and should break above 1.25540 towards 1.28780. This view can only be invalidated in case the price fails to break above 1.27160, if this is the case, then we'll expect bearish rally back to the recently established support level 1.20725.
Trade Recommendations:
We're upwards towards 1.27160.
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.
