We are short. | 20 June 2022

20 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, recently the price rebounded from the impulsive wave cycle three towards the upper side at the corrective wave cycle four. As at now the price is rallying towards the lower side, I expect it to go upto around 1.0685 or even much lower in continuation of the impulsive wave cycle five. If you are looking at this pair right now, pick a sell from 1.2228 towards 1.1685.

Trade Recommendations:

We are short.

Bob Stan
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