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Remain short towards 1.2242.

Remain short towards 1.2242. | 22 Junio 2020

22 Junio 2020, GBP/USD

Remain short towards 1.2242.

Wave Analysis

On Friday last week, the impulsive wave (v) continued to the lower side and is still pretty much bearish both on the daily and the 4 hours chart. As long as the price remains below the Alligator indicator attached, we expect nothing but a possible momentum to the lower side with an ultimate target around 1.23290. The anticipated bearish price anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 1.23290 towards 1.220 or even lower.

Trade Recommendations:

Remain short towards 1.2242.

Bob Stan
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