21 July 2020, GBP/USD
Wave Analysis
After reaching the high of 1.26785, the British pound is currently pulling back to the lowerside, we expect further momentum to the lowerside. As it is now, this is a possible negative divergence formation. Today around 3 in the morning, while the price was around 1.26785, the stochastic was around 90, we expect price and the indicator to get back to their respective levels at the same time, however, the price went above the previous high, while the stochastic went below the 90.0% fib level, this is a possible negative divergence formation. We expect sellers to control this market.
Trade Recommendations:
Look for sell positions
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
