Wait for a buy from 1.25013 with your target at 1.26625. | 17 يونيو 2020
17 يونيو 2020, GBP/USD
Wave Analysis
Last week, the British pound reached a recent all time high 1.28290 but has now pulled back to the lower side. As long as the price is held above 1.25013, we're waiting for a buy from it to pick a long position. Basically we are waiting for a sign that the impulsive wave (c) is ended so that we buy the this pair from 1.25012 with the first target at 1.26625 and the next ideal target around 1.27870. A breakout above the last target will push the price much higher with an ultimate target around 1.314 or even higher.
Trade Recommendations:
Wait for a buy from 1.25013 with your target at 1.26625.
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.
