Wait | 29 January 2019
29 January 2019, GBP/USD
Despiet the previous forecast that this pair could continue with its trail to the upperside. The cable continues to correct itself to the lowerside but is still very bullish both on the higher and the less time frames. We're waiting for a clear buy signal upon a bounce from 1.3060 to pick a long term buy position. Conservative traders could wait and buy the last impulsive wave (v) above 1.3128. With this buy position, you should expect a rally towards 1.41. On its way upwards, the key level to look for include 1.35700, and the next level 1.40600.
Trade Recommendations: wait
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.
