GBPUSD – Flat
Wave Analysis
During the previous trading day, the cable depreciated intensely but has now pulled back to the upperside and is above a key level 1.31392. We’re waiting for a clear breakout below this level to confirm a possible rally to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside with an ideal target at 1.30380. The level 1.30380 is a key level and as long as it holds the price above it, we expect nothing but a possible momentum to the upperside. You could also look for a buy above the previous day’s highest.
Trade Recommendations:
we’re short below 1.31392.
101% Double the volume
!Attention!
All bonus participates in drawdown!
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