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Sell a bounce from around 1.2985.

Sell a bounce from around 1.2985. | 03 December 2019

03 December 2019, GBP/USD

Sell a bounce from around 1.2985.

Wave Analysis

Not much happening on this pair. the cable rallied slightly to the upperside but could not break above the upper trendline. As long as the price does not clear break and close above the upper trendline, we expect a possible momentum to the lowerside and should break below the supportive trendline. And in case the price breaks above the upper trendline, then further momentum to the upperside is expected with an ultimate target around 1.3040. And in case of a move to the lowerside, then best place to pick a sell from is below 1.2765.

Trade Recommendations

Sell a bounce from around 1.2985.

Bob Stan
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