We're sellers towards 1.37 | 18 Junio 2021
18 Junio 2021, GBP/USD
Wave Analysis
The British pound continues to rally to the lowerside and is still pretty much bearish. As long as the price remains below the Alligator indicator, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and should break below 1.37 with the next ideal target set at 1.36. If the price is to pullback to the upperside, then the next best place we will be watching for a trade is around 1.40273 and may extend much higher towards 1.41.
Trade Recommendations:
We're sellers towards 1.37
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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.
