We are sellers. | 09 May 2022

Wave Analysis:

The Great British Pound has been trading on a downtrend,previously the price bounced off from the upper trendline at the corrective wave cycle two, towards the lower trendline at the impulsive wave cycle three.Recently the price rebounded from the lower trendline towards the upper trendline at the corrective wave cycle four,right now the price is rallying towards the lower side.I expect a further bearish momentum towards the lower trendline in continuation of the impulsive wave cycle five.If you are looking at this pair right now,pick a sell from 1.2277 towards 12080 or even much lower.

Trade Recommendations:

We are sellers.