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We're buyers with the next ideal target set around 1.42330.

We're buyers with the next ideal target set around 1.42330. | 06 July 2021

06 July 2021, GBP/USD

We're buyers with the next ideal target set around 1.42330.

Wave Analysis

During the previous trading day, we have seen the British pound rally to the lowerside, but is still not showing any clear signs of breaking below the lower black Alligator line, as long as the price is held above the alligator indicator, we expect nothing but a possible momentum to the upperside, If the price should break and close below the Alligator indicator, then further momentum to the lowerside is expected. On the flipside, should the price breakout below the lower black moving average, then further rally to the lowerside is expected with the next ideal target set around 1.33497.
Trade Recommendations:
We're buyers with the next ideal target set around 1.42330.
Bob Stan
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