Wait | 28 November 2019
28 November 2019, GBP/USD
Wave Analysis
Few days ago, the cable barely touched the supportive trend line and is currently heading to the upperside. As long as the price remains within the shape formation shown above, we're waiting for a bounce from the upper trend line to pick a sell and a bounce from the lower trendline to pick a sell. In case of a break above the upper trendline, then we expect further momentum to the upperside and should breakout above 1.3040 towards 1.3120 or even higher but should not go beyond 1.321. A break below the supportive trend line could push the price even lower.
Trade Recommendations:
Wait
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.
