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Wait and resell GBPUSD from 1.2400.

Wait and resell GBPUSD from 1.2400. | 29 Julio 2019

29 Julio 2019, GBP/USD

Wait and resell GBPUSD from 1.2400.

Wave Analysis:

During the previous trading week, the last impulsive wave (E) continued massively to the lowerside and is still pretty much bearish both on the daily and the weekly charts. While the price remains within the converging wage formation, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave(E) and should breakout below 1.23380 towards 1.22302 or even lower. The idea is to wait for retracements to look for low risk sell orders.
Trade Recommendations:
Wait and resell GBPUSD from 1.2400.
Bob Stan
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