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Remain long

Remain long | 09 July 2020

09 July 2020, GBP/USD

Wave Analysis

The British pound is currently in an active up trend. Few days ago, the price broke above 1.25254, rallied high, but ended up pulling back to the same level, we took a buy on the red arrow above and is holding, our expecting the price to continue to the upper side and should break above 1.26625 towards 1.275 or even higher. On this chart, keep looking for low risk buy positions, wait for corrections to pick low risk buy positions, but should the price break below 1.25254, then this will be a good place to look for sell position.

Trade Recommendations:

Remain long

Bob Stan
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