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Resell the cable from 1.25671.

Resell the cable from 1.25671. | 09 September 2019

09 September 2019, GBP/USD

Resell the cable from 1.25671.

Wave Analysis

Despite the previous week's forecast that this pair could plummet towards 1.19105, the cable rose tremendously and is still pretty much bullish both on the daily and the weekly charts, As long as the price is protected from breaking to the upperside by the level 1.25671-1.24827, we expect further momentum to the lowerside, we expect the current bullish price rally to be the unfolding of a correction of the previous impulsive wave count and should not go beyond 1.25671, where we'll be looking to resell the last impulsive wave (v).

Trade Recommendations:

Resell the cable from 1.25671.

Bob Stan
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