We are buyers towards 1.3030. | 25 Abril 2022
25 Abril 2022, GBP/USD
Wave Analysis;
The Great British pound has been trading in a contracting wegde formation,the price has been moving within the upper and the lower trendline for a while now.Recently the price bounced off from the upper trendline towards the lower side in continuation of the impulsive wave cycle five,right now the price is in a corrective wave count (b).I expect the price to rebound towards 1.3030 at the upper trendline in complition the the corrective wave count a,b,c.However should the price break below the lower trendline,we expect to continue short,but for now we are buyers towards 1.3030.
Trade Reccommendations:
We are buyers towards 1.3030.
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.
