We're sellers | 20 May 2019
20 May 2019, GBP/USD
Wave Analysis
The cable is currently trading below a key monthly support 1.42355. As long as the price remains below this level, we're sellers. The idea is not to sell at the moment, rather, wait for pullbacks towards 1.28841 to pick low risk sell orders towards 1.18910, a close above this level by the end of this week may push the price further to the upperside. But, as long as the price remains below 1.28841, we recommend looking for low risk sell orders with an ultimate target at 1.18910, a break below this target will push price even lower.
Trade Recommendations:
We're sellers
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.
