Remain short towards 1.26680. | 14 Oktober 2020
14 Oktober 2020, GBP/USD
Wave Analysis
Few days ago, the British pound bounced off nicely from the 50.0% fib level and is currently heading to the lowerside, we took a sell after this rebound and is still holding, our expectations is that the price should continue to the lowerside and should breakout below 23.6% fib level towards 1.26680. If you are on this chart now, keep looking for long term sell positions. And in case the price breaks and closes above 50.0% fib level then this will be a good place to look for long term buy positions towards 1.33799.
Trade Recommendations:
Remain short towards 1.26680.
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.
