We are sellers. | 11 May 2022
11 May 2022, GBP/USD
Wave Analysis:
The Great British Pound has been trading below a key resistance level for a while now,recently the price rebounded from the lower trendline at the impulsive wave cycle three towards the upper side at the corrective wave cycle four.Right now the price is rallying around the upper side,I expect further momentum to the lower side towards 1.2255 or even much lower, in continuation of the impulsive wave cycle five.If you are looking at this pair right now,look for sell position below the resistance level.
Trade Recommendations:
We are sellers.
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.
