Wait | 11 February 2020
11 February 2020, GBP/USD
Wave Analysis
The cable is currently trading around 1.29043. Following the break below 1.29343, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (40 to the lower side and should break below 1.28830, the anticipated bearish price rally is the continuation of the corrective wave (4) and could break below 1.26760 or even lower. On this chart, only a bounce from around 1.28830 will attract a possible buy.
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.
