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We're buying the cable above 1.31820 towards 1.45206.

We're buying the cable above 1.31820 towards 1.45206. | 14 March 2019

14 March 2019, GBP/USD

We're buying the cable above 1.31820 towards 1.45206.

Wave Analysis

The cable is currently trading above a key level 1.31820. This is a key weekly resistance line and as long as the price remains above it, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should find hurdles around 1.37810, and 1.39850, if these lines are broken, then we'll be heading upwards towards 1.45206. Only a clear break below 1.31820 will attract a long term sell towards 1.26781.

Trade Recommendations:

We're buying the cable above 1.31820 towards 1.45206.

A lot of interesting information on the webinar!

Bob Stan
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