We're looking for low risk sell orders towards 1.25540. | 06 Juni 2019
06 Juni 2019, GBP/USD
Wave Analysis
During the previous trading day, the the cable broke below the supportive trendline and is currently trading to the lowerside. As long as the price remains below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price is the continuation of the corrective three wave cycle to the lowerside and should break below 1.26310 towards 1.25540 further to the lowerside. If you're not in any position at the moment, you can wait for retracements back to the upperside to pick low risk sell order.
Trade Recommendations:
We're looking for low risk sell orders towards 1.25540.
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.
