We're sellers as long as the price remains below 1.33342. | 03 September 2020

03 September 2020, GBP/USD

The level 1.33342 is a significant weekly resistance level

Wave Analysis

The British pound is showing signs of failing to sustain a break above 1.33342. As long as the price remains below 1.33342, A significant weekly resistance level, we are expecting the current bounce from this level to be an end to both the impulsive waves (5) and (c) to the upperside and the beginning of a correction to the lowerside. At this point, only sell positions looks ideal and can safely be recommended. This view will only be invalidated in case the price breaks and closes above 1.33342.

Trade Recommendations

Look for sell positions as long as the price remains below 1.33342.

Bob Stan
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.