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We are buyers towards 12125.

We are buyers towards 12125. | 27 July 2022

27 July 2022, GBP/USD

Wave Analysis:

This pair has been trading within the upper and the lower trendline for a while, during the previous trading days, the price rallied around the upper trendline at the impulsive wave cycle three before bouncing off towards the lower trendline at the corrective wave cycle four. Right now the price is rallying towards the upper side ,I expect it to go up to around 1.2125 or even much higher in continuation of the impulsive wave cycle five.

Trade Recommendations:

We are buyers towards 12125.

Bob Stan
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