Look for sell orders towards 1.24925. | 26 Juni 2019
26 Juni 2019, GBP/USD
Wave Analysis
Yesterday, the cable bounced off from the resistance trendline and is currently heading to the lowerside. As we mentioned in our previous forecast, we're still looking for a sell. What we expect to happen is that the price should rise temporarily towards the upper trendline then sell off towards 1.24925. While this is true that the price is below the mentioned trendline, we're looking for a long term sell. A break below the level 1.24925 will push the price further to the lowerside with the next target being 1.24045.
Trade Recommendations:
Look for sell orders towards 1.24925.
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.
