30 ноября 2018, GBP/USD
Wave Analysis
Yesterday, the cable pulled back to the lower side but is still above the level 1.2768. As we mentioned in our previous forecasts, as long as the price remains above 1.2768, we expect nothing but a possible momentum to the upper side. However, in case the price breaks below 1.2768, then we highly recommend looking for a long term short position. The anticipated bearish price price rally is the continuation of the impulsive wave (c) to the lower side and should head towards 1.2100. As it is, only a buy position looks ideal.
Trade Recommendations:
Buy the cable above 1.2768 towards 1.3301.
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