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Remain long or wait and rebuy the British pound around 1.20231-1.21352.

Remain long or wait and rebuy the British pound around 1.20231-1.21352. | 07 April 2020

07 April 2020, GBP/USD

Wave Analysis

On this chart, nothing much happened to the lower side, while the price is contained above 1.20231-1.21352, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the a corrective three wave cycle and could see the price break beyond 1.25750 towards 1.32981. If you are looking at this chart now, I recommend looking for long term buy positions with your stop losses below the previous day's lowest low and take profit around 1.25750.

Trade Recommendations:

Remain long or wait and rebuy the British pound around 1.20231-1.21352.

Bob Stan
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