Sell GBPUSD towards 1.2770. | 25 November 2019
25 November 2019, GBP/USD
Wave Analysis
The cable is currently rallying between an expanding wedge formation. As long as the price remains within this shape formation, we’re going to be waiting for a bounce from the upper trend line to pick a sell and a bounce from the lower trendline to pick a buy. A break above the upper trendline will mean we are continuing to the upper side with an ultimate target around 1.3190. and should the price break and close below the lower trendline, then this will give us an ideal place to pick a long term sell order towards 1.2035.
Trade Recommendations:
Sell GBPUSD towards 1.2770.
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.
