We're looking for a sell below 1.26081 towards 1.24. | 30 May 2019
30 May 2019, GBP/USD
Wave Analysis
The cable is currently trading around 1.26210. As we mentioned in our previous analysis and on the chart above, we expect the cable to continue intensely to the lowerside and should breakout below 1.26081 towards 1.25024 or even lower. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should head straight towards 1.24 or even lower. If you took this trade with us yesterday, you can keep this position open, other side, remain on the sidelines and wait for a breakout below 1.26081.
Trade Recommendations:
We're looking for a sell below 1.26081 towards 1.24.
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.
