GBPUSD. Sell a break below 1.24280. | 24 Julio 2019
24 Julio 2019, GBP/USD
Wave Analysis
The cable is currently trading within a declining channel formation, as it is on the hourly chart, we're waiting for a bounce from the upper trendline to look for a long term sell orders towards 1.24090. As it is on the hourly chart attached, a break below 1.24280 will offer an ideal place for conservative traders to look for long term sell orders. On the flipside, should price breakout above the upper trendline, then we'll expect further momentum to the upperside towards 1.24607 and may breakout higher towards 1.25132.
Trade Recommendations:
Sell a break below 1.24280.
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.
