We're watching for a rebound from 1.20679 to pick a low risk buy position. | 23 Junio 2022
23 Junio 2022, GBP/USD
Wave Analysis:
Currently, GBPUSD is rallying a round a significant monthly supportive level 1.20679. This is a significant zone and while the price is not able to clearly break and close below it, we are watching for a possible rebound from it to pick a possible long term buy position towards 1.31 and may likely extend much higher. On the flipside, should the price break below the same level, then we will be looking for a possible long term sell position and may see the price go as long as 1.15 and may extennd much lower.
Trade Recommendations:
We're watching for a rebound from 1.20679 to pick a low risk buy position.
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.
