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Wait to resell the cable from 1.27406.

Wait to resell the cable from 1.27406. | 07 June 2019

07 June 2019, GBP/USD

Wave Analysis

The cable is currently approaching a key 4 hour resistance level 1.27406. We expect the cable to continue to the upperside but should not go beyond 1.27046. Basically, as long as the price remains below this level, we are still sellers, basically, we expect the anticipated move to the upper side to be the continuation of the corrective wave to the upperside but incase the price breaks above this level, then this will be an ideal place to look for a low risk buy order with an ultimate target at 1.29410.

Trade Recommendations:

Wait to resell the cable from 1.27406.

Bob Stan
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