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Sell the cable from 1.24241.

Sell the cable from 1.24241. | 26 August 2019

26 August 2019, GBP/USD

Sell the cable from 1.24241.

Wave Analysis

On this chart, the main levels to look for include 1.20928, 1.24241, and 1.27405. During this week and possibly in the next few weeks, we expect this pair to remains within a range not going above 1.20928 or below 1.24241. These are key levels. Following the previous weeks momentum to the upperside, we expect further momentum to the upperside but should not go beyond 1.24241, this is a good place and should act as a low risk sell place towards 1.20928. This view can only be invalidated in case the price breaks above 1.24241.

Trade Recommendations:

Sell the cable from 1.24241.

Bob Stan
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