Remain short | 11 Agustus 2020
11 Agustus 2020, GBP/USD
Wave Analysis
During the previous trading day, nothing much happened on the British pound, we expected a possible continuation to the lower side, instead, the price moved just slightly to the lower side. And should the price breakout above the Alligator indicator attached, then this will be a good place to consider a possible long term buy positions. As it is now, we are still looking for long term sell positions towards 1.27975 and could continue to the lower side with an ultimate target around 1.25290.
Trade Recommendations:
Remain short
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.
