29 октября 2019, GBP/USD
Wave Analysis
In line with the previous day's analysis, the cable continued to the lowerside but is still very much bearish both on the daily and on the weekly charts. As long as the price is contained below 1.28640, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the corrective three wave cycle and should break below 1.27280 towards 1.21840. This view can only be invalidated in case the price breaks above the end of the corrective wave (b), 1.29320.
Trade Recommendations:
We're looking for a sell towards 1.24560.
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