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We are short.

We are short. | 08 June 2022

08 June 2022, GBP/USD

We are short.

Wave Analysis:

During the previous trading days, the price rallied within the upper and the lower trendline for a while. Then it eventually rebounded towards the upper trendline at the corrective wave cycle four .Currently the price is slightly below the lower trendline ,I expect a further bearish momentum towards 1.2440 or even much lower in continuation of the impulsive wave cycle five. If you are currently looking at this pair , pick a sell from 1.2561 towards 1.2440.

Trade Recommendations:

We are short.

Bob Stan
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