Short the cable now towards 1.26974. | 01 يونيو 2018
01 يونيو 2018, GBP/USD
wave Analysis
During the previous day, the cable opened at 1.32817 , went as high as 1.33482 and as low as 1.3276 but ended up closing at 1.32936, just a few pips above it's daily opening price. The previous day's candle is perfect bearish pin bar candle closing below a key level 1.33516. As long as the price remains below this zone, we expect a possible rally to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave c to the lower side and should break below 1.30530 towards 1.26974.
Trade Recommendations:
Short the cable now towards 1.26974.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
