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Wait | 25 May 2020

25 May 2020, GBP/USD

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Wave Analysis

The British pound is currently in a range, not going above 1.21919 or below 1.21669. As long as the price remains within this range, we are waiting for a sell from 1.21919 and buy from 1.21669. If the price breaks and closes above 1.21919, then we will be expecting further momentum to the upper side with an ultimate target around 1.22410. On the flip side should the price break and close below 1.21669, then this will be an ideal place to consider a possible long term sell order with an ultimate target around 1.21585, if this is the case, then further momentum to the lower side is expected.

Trade Recommendations:

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Bob Stan
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