Waiting for a possible low risk buy from around 1.28400. | 25 February 2020
25 February 2020, GBP/USD
Wave Analysis
Yesterday, Nothing much appears to have happened to this pair, instead, the cable closed just a few pips above the level 1.28450, we expect a possible continuation of the corrective wave (4) but should not go beyond 1.28400, if the price can give us a good buy signal from around the level which I have mentioned above, 1.28400, then this will give us an ideal place to consider a long term buy order with an ideal take profit around 1.33342. A break above this level will push the price much higher towards 1.42450.
Trade Recommendations:
Waiting for a possible low risk buy from around 1.28400.
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.
