GBPUSD. Look for a buy from 1.2558 | 15 Julio 2019
15 Julio 2019, GBP/USD
Wave Analysis
Since 10 July, the cable has been making higher lows and even went above last Thursdays highest high. As long as the price remains above the zone 1.2562-1.2558, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break above 1.2575 further to the upperside. This view will only be invalidated in case the price breaks below 1.2558, if this is the case, then further move to the lowerside is expected.
Trade Recommendations:
Look for a buy from 1.2558.
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.
