Expect a decline towards 1.24530. | 22 Julio 2019
22 Julio 2019, GBP/USD
Wave Analysis
Instead of continuing to the upperside after breaking above 1.25193, the cable pulled back to the lowerside and is now trading below the same level we're waiting for a buy from. Now that the price is below this level, we expect nothing but a possible momentum to the lowerside. In my opinion, this is a mere correction and may not go beyond the support level 1.24530, a break below this level will push the price even further to the lowerside with the next ideal target being 1.24060, only a break below this level will push the price massively to the lowerside.
Trade Recommendations:
Expect a decline towards 1.24530.
.
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.
