Wait | 25 May 2020
25 May 2020, GBP/USD
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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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.
