We are sellers towards 1.2065. | 17 May 2022
17 May 2022, GBP/USD
Wave Analysis:
During the previous trading days, the price rallied 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 on the upper trendline, I expect it to bounce back towards the lower side in continuation of the impulsive wave cycle five. However should the price break above the upper trendline, then we will continue long. If you are looking at this pair right now, pick a sell from 1.2341 towards 1.2065.
Trade Recommendations:
We are sellers towards 1.2065.
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.
