02 октября 2019, GBP/USD
Wave Analysis
During the previous trading day, the cable attempted a massive move to the lowerside but ended up pulling back to the upperside, this pair is still very much bearish. Therefore, we expect the current bullish price rally to be a mere correction and should not break above 1.2327 where we're waiting for a low risk sell. But in case the price does not bounce of from this level and instead climbs above it, then that will mean we're continuing to the upperside with an ultimate target at 1.24.
Trade Recommendations:
Look for low risk sell opportunities
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