03 Julio 2019, GBP/USD
Wave Analysis
The cable is slowly embarking on a bearish rally. Following the bounce from the upper trendline, this pair has maintained a bearish perspective and is still pretty much bearish both on the daily and the weekly charts. As long as the price is protected from violating the upper trendline, we expect nothing but a possible momentum to the lowerside. A breakout below 1.24925 will push the price further to the lowerside with the next ideal target being 1.24045. And on the flip side, only a breakout above 1.27210 will attract a buy.
Trade Recommendations:
We're looking for sell orders towards 1.24925.
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