GBPUSD. Look for long term sell orders | 02 أغسطس 2019
02 أغسطس 2019, GBP/USD
Wave Analysis
Since the beginning of this week, the cable has been in an active downtrend and is still pretty much bearish both on the 4 hours and the weekly charts, As long as the price remains below the level 1.22460, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of both the inner impulsive wave (v) and the outer wave 5. As it is, on the 4 hours chart, we recommend looking for long term sell, orders with an ultimate target at 1.20400 and could extend even lower.
Trade Recommendations:
Look for long term sell orders
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.
