Wait for a buy from around 1.3012. | 17 Desember 2019
17 Desember 2019, GBP/USD
Wave Analysis
Yesterday, we saw a continuation of the correction of impulsive wave (3) and is still pretty much bearish both on the 4 hours and on the daily chart. Today, and possibly for the better parts of this week, we're expecting further bearish correction and could see price rally towards 1.3012 or even lower. If you are on this chart now, wait for a possible correction towards the daily support 1.3012 to pick a low risk buy order. This view will only be invalidated in case the price closes below the same level.
Trade Recommendations:
Wait for a buy from around 1.3012.
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.
