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We're looking for a buy position

We're looking for a buy position | 19 July 2018

19 July 2018, GBP/USD

Wave Analysis

The cable is currently rallying around a key weekly support level 1.30708. As long as this support protects the lowerside, this is a perfect long term buy place. Ideally, we're waiting for a clear buy signal to buy this pair at the least risk with an ultimate target at 1.33300. The idea is to wait for further pullback to the lower side, then pick a long position. the anticipated bullish price rally is the unfolding of an impulsive wave cycle and may break above 1.33300 but should not go beyond 1.34660.

Trade Recommendations:

We're looking for a buy position

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Bob Stan
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