We are sellers towards 1.2085. | 29 Julio 2022
29 Julio 2022, GBP/USD
Wave Analysis:
This pair is currently trading in an uptrend, during the previous trading days, the price rebounded from the corrective wave cycle two towards the upper side at the impulsive wave cycle three. The price is currently rallying around the upper trendline, I expect it to bounce back towards the lower side around 1.2085 at the corrective wave cycle four, then rebound towards the upper side in continuation of the impulsive wave cycle five. If you are looking at this pair now, pick a sell towards 1.2085.Unless the price break breaks above the upper trendline, we remain sellers.
Wave Analysis:
We are sellers towards 1.2085.
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.
