Sell GBPUSD with your take profit at 1.2800. | 20 Desember 2019
20 Desember 2019, GBP/USD
Wave Analysis
Just as previously forecasted the cable rallied to the lower side and even went below the support zone 1.3012-1.3086. As long as the price remains below this zone, we expect further momentum to the lowerside. The previously anticipated three wave cycle has been invalidated, which means now, I expect further momentum to the lower side and could break below 1.2870 or even lower. But should the price break and close above 1.3086, then this will be a good place to pick a buy.
Trade Recommendations:
Sell GBPUSD with your take profit at 1.2800.
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.
