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Waiting for a sell from 1.26770.

Waiting for a sell from 1.26770. | 20 September 2019

20 September 2019, GBP/USD

We're looking for a buy position towards 1.26770.

Wave Analysis

During the previous trading day, The impulsive wave (c) continued massively to the upperside and is still pretty much bullish both on the daily and the weekly charts. As long as the price is contained above 1.21520, we expect nothing but a possible continuation of the impulsive wave (c) to the upperside and should break above 1.28520 towards 1.32020. This view can only be invalidated in case the price bounces off from 1.28520, if this is the case, then we'll expect a possible momentum to the lowerside.

Trade Recommendations:

Waiting for a sell from 1.26770.

Bob Stan
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