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Wait for a possible buy order.

Wait for a possible buy order. | 10 March 2020

10 March 2020, GBP/USD

Wait for a possible buy order.

Wave Analysis

Following the gap which was seen during the previous trading day, the cabled is currently pulling back to the lower side we expect the current move to the lower side to be the continuation of a correction to the lower side but should not go beyond 1.29260. If you bought the impulsive wave (5) while the price was around 1.27520, expect the price to continue to the upper side, that the current bullish price rally is the continuation of the impulsive wave (5) to the upper side and should break beyond 1.34480.

Trade Recommendations:

Wait for a possible buy order.

Bob Stan
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