Buy the cable towards 1.2765. | 17 June 2019
17 June 2019, GBP/USD
Wave Analysis
Currently, the cable is bouncing off of a supportive trendline. While the price is contained above this trendline, I expect nothing but a possible momentum to the upperside. We're waiting for a clear bounce from the immediate support trendlne to pick a buy order. And in case the price breaks below this support, I expect nothing but a possible momentum to the lowerside towards 1.2492. A breakout below this support will push price downwards towards 1.24 or even lower. A buy from this trendline will push price towards 1.2765.
Trade Recommendations:
Buy the cable towards 1.2765.
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.
