Buy the cable with your first target at 1.30221. | 21 October 2019
21 October 2019, GBP/USD
Wave Analysis
During the previous week,, the cable gained value significantly and is still showing signs of rising even higher. If the price can successfully break above the previous week’s highest high, then this will be a good confirmation that we’re continuing to the upper side. The anticipated bullish price rally is the continuation of both the impulsive wave s (5) and (c) and (5) and could breakout above 1.30121 towards 1.42 or even higher. As it is, only a breakout below 1.2775 may invalidate the anticipated bullish price rally.
Trade Recommendations:
Buy the cable with your first target at 1.30221.
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.
