Look for buy positions towards 1.33799. | 13 October 2020
13 October 2020, GBP/USD
Wave Analysis
The British pound is still being held above the zone 1.30023-1.30270. As we indicated in our previous forecast, while we continue to see sustenance above this zone, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see price breakout beyond 1.33799 or even higher. And on the flipside, should the price breakout below 1.30023, then further momentum much lower is expected towards 1.27460.
Trade Recommendations:
Look for buy positions towards 1.33799.
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.
