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Look for low risk buy positions with an ultimate target around 1.25785.

Look for low risk buy positions with an ultimate target around 1.25785. | 23 June 2020

23 June 2020, GBP/USD

Look for low risk buy positions with an ultimate target around 1.25785.

Wave Analysis

During the previous trading day, the corrective wave (v) ended around 1.23465 and even went above the blue line of the alligator indicator, as long as the price remains above the alligator indicator, we expect nothing but a possible momentum to the upper side is expected. As long as the price remains above the alligator indicator attached, we recommend looking for low risk buy positions. But should the price again break below the blue line then we may expect a possible sell position.

Trade Recommendations:

Look for low risk buy positions with an ultimate target around 1.25785.

Bob Stan
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