We are short for now. with our target around 1.21345. | 15 May 2020

15 May 2020, GBP/USD

We are short for now. with our target around 1.21345.

Wave Analysis

During the previous trading day, the corrective wave (iv) continued to the upper side but could not go above 1.22345. We expect this bounce to be the end of the corrective wave (iv) that the current bearish price price rally is the continuation of both impulsive waves (v) and [c] and should break below 1.21545 towards 1.21345. If the price breaks and closes above the previous day's highest high, then this could be a possible indication that we are continuing to the upper side with an ultimate target around 1.23145, a break above this level will push price much higher.

Trade Recommendations.

We are short for now. with our target around 1.21345.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus