We're looking for long term buy orders towards 1.33342. | 17 February 2020
17 February 2020, GBP/USD
Wave Analysis
Just as previously forecasted, the corrective wave (4) failed to go below 1.28830, we expect the rebound from this level to be an end to the corrective wave (4), that the current bullish price rally is the continuation of the impulsive wave (5) to the upper side and should break above 1.33342 towards 1.43320. On its way towards 1.43320, the following levels are to be checked 1.37110, 1.39180 and 1.41250. This view can only be invalidated in case the price breaks and closes below 1.28830.
Trade Recommendations:
We're looking for long term buy orders towards 1.33342.
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.
