Look for sell positions | 21 يوليو 2020
21 يوليو 2020, GBP/USD
Wave Analysis
After reaching the high of 1.26785, the British pound is currently pulling back to the lowerside, we expect further momentum to the lowerside. As it is now, this is a possible negative divergence formation. Today around 3 in the morning, while the price was around 1.26785, the stochastic was around 90, we expect price and the indicator to get back to their respective levels at the same time, however, the price went above the previous high, while the stochastic went below the 90.0% fib level, this is a possible negative divergence formation. We expect sellers to control this market.
Trade Recommendations:
Look for sell positions
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.
