Look for buy positions towards 1.33342. | 20 February 2020
20 February 2020, GBP/USD
Wave Analysis
Yesterday the corrective wave (4) continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains above the level 1.289250, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (5) and could break above 1.33342, if this is the case, then further momentum to the upper side is expected with an ultimate target around 1.42450.
Trade Recommendations:
Look for buy positions 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.
