Wait for a buy from 1.30095. | 11 April 2019
11 April 2019, GBP/USD
Wave Analysis:
The cable is still rallying above the daily supportive zone 1.30327-1.30095. As long as the price remains above this zone, we're upwards, but in case the price breaks below the level 1.30327 and even a break below 1.30095 will mean we're actively downwards towards 1.27925. On its way upwards, the key lines to look for include 1.31560, 1.32220 and 1.33064. A breakout above this level will push the price even higher towards 1.34. As it is, wait for a clear breakout above the upper trendline.
Trade Recommendations:
Wait for a buy from 1.30095.
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.
