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Flat | 19 March 2019

19 March 2019, GBP/USD

Flat

Wave Analysis

Last week's candle pretty much engulfed the previous week's candle, but failed to close above a weekly resistance level 1.33015, This is a key level and unless the price clearly closes above it, we expect a possible surge further to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should first ascend clearly above 1.38150 before a rise towards 1.45206 is seen. The zone 1.45206-1.4659 is both a monthly level and should price get to it, then this will be an ideal place to look for long term sell.

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Bob Stan
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