Wait for a break below 1.25012 to pick a long term sell position. | 18 Junio 2020
18 Junio 2020, GBP/USD
Wave Analysis
Despite the previous forecast that the British pound could rally much higher, nothing much appears to be happening on this pair. We are expecting a possible break below 1.25012 to confirm that we are continuing to the lower side with an ultimate target around 1.21235. And should the price break and close above 1.26675, then this will be a good place to consider a possible long term buy positions with an ultimate target around 1.27879, a break and a close above 1.27879 will mean we are continuing to the upper side towards 1.30.
Trade Recommendations:
Wait for a break below 1.25012 to pick a long term sell position.
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.
