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We are long towards 1.2555.

We are long towards 1.2555. | 02 Junio 2022

02 Junio 2022, GBP/USD

Wave Analysis:

During the previous trading days,the price rallied along the upper trendline at the impulsive wave cycle three for quite sometime, but ended up bouncing off to the lower trendline at the corrective wave cycle four. Right now the price is around the lower trendline ,I expect a rebound towards the upper trendline around 1.2555 in continuation of the impulsive wave cycle five. If you are looking at this pair now, pick a buy from 1.2484 towards 1.2555.

Trade Recommendations:

We are long towards 1.2555.

Bob Stan
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