We are sellers. | 12 May 2022
12 May 2022, GBP/USD
Wave Analysis:
The Great British Pound has been rallying within the upper and the lower trendline for quite sometime 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.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 below a resistance level,I expect the price to continue short,If you are looking at this pair look for sell position below the resistance level.
Trade Recommention:
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.
