Wait. | 04 May 2022
04 May 2022, GBP/USD
Wave Analysis:
The Great British Pound is on a downtrend,the price is currently on a corrective wave count.Previously the price bounced off from the impulsive wave cycle five towards the key resisistance level (1.2616-1.2603)at the corrective wave count (a).As long as the price remains below the resistance level we are sellers,If you are looking at this pair right now wait for the price to rebound back to the upper trendline then pick a good sell posisiton towards 1.2430.
Trade Recommendations:
Wait.
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.
