We are sellers towards 1.1610. | 21 Junio 2022
21 Junio 2022, GBP/USD
Wave Analysis:
This pair is currently trading in an expanding wedge formation, recently the price rebounded from the impulsive wave cycle three towards the upper side at the corrective wave cycle four. Right now the price is rallying around the upper trendline, I expect it to bounce back towards 1.1610 in continuation of the impulsive wave cycle five. However, should the price break above the upper trendline, then we will become buyers.
Trade Recommendations:
We are sellers towards 1.1610.
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.
