We are short. | 08 Junio 2022
08 Junio 2022, GBP/USD
Wave Analysis:
During the previous trading days, the price rallied within the upper and the lower trendline for a while. Then it eventually rebounded towards the upper trendline at the corrective wave cycle four .Currently the price is slightly below the lower trendline ,I expect a further bearish momentum towards 1.2440 or even much lower in continuation of the impulsive wave cycle five. If you are currently looking at this pair , pick a sell from 1.2561 towards 1.2440.
Trade Recommendations:
We are short.
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.
