We are short. | 09 Junio 2022
09 Junio 2022, GBP/USD
Wave Analysis:
This pair has been rallying towards the lower side for sometime now, previously the price rebounded from the lower trendline towards the upper trendline at the corrective wave cycle five. I expect the price to bounce back to the lower trendline around 1.1690 in continuation of the impulsive wave cycle five. However, should the price break above the upper trendline, then we expect a bullish momentum but as of now we are sellers from 1.2530 towards 1.0690.
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.
