We're long as long as the price is above 1.3201. | 07 Maret 2019

07 Maret 2019, GBP/USD

We're long as long as the price is above 1.3201.

Wave Analysis

The cable is currently trading around 1.3175. This is a key level and as long as the price remains above 1.3201, we expect nothing but a possible move to the upperside. As we mentioned previously, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should first break above 1.38335 before a move towards 1.45206 is seen. And on the flip side, should the price break below and close below 1.3201, then we'll expect a possible bearish price rally towards 1.27308.

Trade Recommendations:

We're long as long as the price is above 1.3201.

A lot of interesting information on the webinar!

Bob Stan
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