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Wait for for a buy from 1.20231-1.21352.

Wait for for a buy from 1.20231-1.21352. | 24 April 2020

24 April 2020, GBP/USD

Wave Analysis

The cable continues to move to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains above 1.21352-1.20231, we expect buyers to dominate around this zone, as it is now, we are holding onto a sell position we took during the previous trading day, we expect a possible surge towards 1.21352-1.20231 but should not go below it. Alternatively, you could have a pending buy limit order from 1.20231 with your take profit at 1.32981.

Trade Recommendations:

Wait for for a buy from 1.20231-1.21352.

Bob Stan
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