Buy GBPUSD towards 1.30030. | 01 November 2019

01 November 2019, GBP/USD

Buy GBPUSD towards 1.30030.

Wave Analysis

During the previous trading day, the cable continued to the upperside but could not hit our target set at 1.30030. As long as the price does not clearly reach this level, we are waiting for a a momentum towards this level to pick a low risk sell order. And should price breakout above it to the upperside, then this will mean we are continuing to the upperside with an ultimate target at 1.30360. A break above this level could push the price even higher with the next ideal take profit being 1.3145.

Trade Recommendations:

Buy GBPUSD towards 1.30030.

Bob Stan
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