Buy the cable above 1.2768 towards 1.3301. | 30 November 2018
30 November 2018, GBP/USD
Wave Analysis
Yesterday, the cable pulled back to the lower side but is still above the level 1.2768. As we mentioned in our previous forecasts, as long as the price remains above 1.2768, we expect nothing but a possible momentum to the upper side. However, in case the price breaks below 1.2768, then we highly recommend looking for a long term short position. The anticipated bearish price price rally is the continuation of the impulsive wave (c) to the lower side and should head towards 1.2100. As it is, only a buy position looks ideal.
Trade Recommendations:
Buy the cable above 1.2768 towards 1.3301.
Be the first to get $5 for participation in the webinar 8.30 GMT!
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.
