Wait for a possible sell from the upper trendline towards 1.21720. | 01 July 2020

01 July 2020, GBP/USD

Wave Analysis

After yesterday's pullback to the upper side, the pair could not breakout above the upper trend line, as long as the price remains below the upper trend line, we expect the cable to continue to the lower side and should break below 1.21720. The current move to the upper side is a mere correction and should not break above the upper trend line. However, in case the price breaks and closes above this trend line, then further momentum to the upper side is expected with an ultimate target around 1.25830.

Trade Recommendations:

Wait for a possible sell from the upper trend line towards 1.21720.

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