Expect further bullish correction towards 1.3110. | 27 December 2019

27 December 2019, GBP/USD

Expect further bullish correction towards 1.3110.

Wave Analysis

After sharp decline, the cable established a support around 1.2930 and could not head any lower, we expect the bounce from 1.2930 to have marked an end to the impulsive wave (a), that the current bullish price rally is the continuation of the corrective wave (b) to the upper side but should not go beyond 1.3110. If the price breaks beyond this level, then further momentum to the upper side is expected, but in case the price bounces off from 1.3110, then this will give us a good place to pick a long term, sell order.

Trade Recommendations:

Expect further bullish correction towards 1.3110.

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus