Wait. | 24 Junio 2022
24 Junio 2022, GBP/USD
Wave Analysis:
The Great British Pound is currently trading in a contracting wedge formation, previously the price rebounded from the corrective wave cycle two towards the upper side at the impulsive wave cycle three. The price then bounced back at the lower trendline at the corrective wave cycle four but then rebounded towards the upper trendline in continuation of the impulsive wave cycle five. Currently the price is rallying around the upper trendline, I expect a break above the upper trendline and a further bullish momentum with the first ideal target at 1.2380.
Trade Recommendations:
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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.
