24 January 2020, GBP/USD
Wave Analysis
Nothing much happened on this pair during the previous trading day. As long as the price is held above the upper trend line, we expect nothing but a possible momentum to the upper side and should break above 1.34930. A break above this level will push the price much higher towards the next level 1.356. If you're not already in a buy position, you could wait for a pullback towards 1.30168 to pick a low risk buy position and should the price break below 1.29869, then this will give us an ideal place to consider a short position.
Trade Recommendations:
Rebuy the cable from around 1.30169.