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Wait for a resell from 1.28085

Wait for a resell from 1.28085 | 28 September 2020

28 September 2020, GBP/USD

Wave Analysis

The British pound is currently in an active downtrend. On this chart, we are looking at the following levels 1.22507, 1.24805, 1.28085,1.30072,1.32681 and 1.34860. If the price approaches any of these levels then we will be looking for a possible trade. We are basically waiting for a bounce from 1.28085 to pick a low risk sell or a bounce from 1.30072 to pick a long term sell position towards 1.24805. A breakout below this level will mean we are continuing to the lowerside with an ultimate target at 1.22507.

Trade Recommendations:

Wait for a resell from 1.28085

Bob Stan
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