Remain long with your target around 1.32794. | 31 Januari 2020
31 Januari 2020, GBP/USD
Wave Analysis
Just as previously forecasted, the cable moved significantly to the upper side after bouncing from the supportive zone 1.29869-1.30168, we expect further momentum to the upper side and should break above 1.31360 towards 1.32798. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should break above 1.32794 with an ultimate target around 1.34760. This view can only be invalidated in case the price breaks and closes below 1.29869.
Trade Recommendations:
Remain long with your target around 1.32794.
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.
