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We are buyers towards 1.2775.

We are buyers towards 1.2775. | 01 Junio 2022

01 Junio 2022, GBP/USD

We are buyers towards 1.2775.

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.

Bob Stan
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