GBPUSD. Expect a possible rally towards 1.27607. | 01 يوليو 2019
01 يوليو 2019, GBP/USD
Wave Analysis:
On the 4 hour chart attached, we’re seeing a potential resistance around 1.27607. this is a key level and as long as the price remains above it, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (C) and should breakout above 1.27607 towards 1.2907. A breakout above this level will push the price further to the upperside and should breakout above this level further to the upperside. This view can only be invalidated in case the price bounces off from 1.27607, if this is true then further move to the lowerside is expected. This view will push price steeply towards 1.25050.
Trade Recommendations:
Expect a possible rally towards 1.27607.
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.
