We're looking for a sell towards 1.24925. | 28 Juni 2019
28 Juni 2019, GBP/USD
Wave Analysis
Just as in the Euro,. the cable is still rallying below the upper trendline. As long as this is true that the price is below this trendline, we expect nothing but a possible decline towards 1.24925. The current chart set up and structure is very bullish and therefore, chances of price rallying to the lowerside are very high. And on the flip side, should price breakout above the upperside, then we expect further momentum to the upperside without first target being 1.28800 and the next target at 1.30390.
Trade Recommendations:
We're looking for a sell 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.
