Buy a break above 1.2980. | 19 November 2019
19 November 2019, GBP/USD
Wave Analysis
During the previous trading day,. the cable continued ti the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the upper trendline, we expect further momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (3) and could breakout above 1.2980. The idea is not to pick a sell now, rather wait for a clear breakout above 1.2980 to pick a long term buy order with an ultimate target at 1.35.
Trade Recommendations:
Buy a break above 1.2980.
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.
