We are buyers towards 1.2775. | 01 Junio 2022
01 Junio 2022, GBP/USD
Wave Analysis:
This pair has been trading within the upper and the lower trendline for a while now, during the previous trading days the price rallied towards the lower trendline at the corrective wave cycle four. As at now, the price is on the lower trendline I expect a rebound towards the upper side around 1.2775 or even much higher in continuation of the impulsive wave cycle five. If you are currently looking at this pair, pick a buy from 1.2583 towards 1.2775.Unless the price breaks below the lower trendline we remain buyers.
Trade Recommendations:
We are buyers towards 1.2775.
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.
