We are sellers towards 1.2080. | 10 May 2022
10 May 2022, GBP/USD
Wave Analysis:
The Great British Pound has been Rallying within the upper and the lower trendline for a while now.Previously the price rebounded from the lower trendline at the impulsive wave cycle three towards the upper side at the corrective wave cycle four.As at now,the price is rallying within the two trendlines, 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 1.2362 towards 1.0280.
Trade Recommendations:
We are sellers towards 1.2080.
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.
