Buy the cable towards 1.13545. | 02 January 2020
02 January 2020, GBP/USD
Wave Analysis
Nothing much appears to be happening on this pair, as long as the price is held above 1.2840, we expect nothing but a possible momentum to the upper side, we expect the bounce from 1.2840 to make and end to the corrective wave (iv) that the current bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break above 1.3545 towards 1.4485. This view can only be invalidated in case the price breaks and closes below 1.2840, then this will mean we are continuing to the lowerside towards 1.1900.
Trade Recommendations:
Buy the cable towards 1.13545.
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.
