GBPUSD. Only sell a breakout below 1.24925 | 12 Juli 2019
12 Juli 2019, GBP/USD
Wave Analysis
The cable is currently trading above 1.24925, as long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count but should not go beyond 1.27585. And on the flipside, we're waiting for price to breakout below 1.24925 to confirm further bearish momentum . On its way to the lowerside the key levels to look for include 1.24945, 1.2482 and 1.2475. If these levels are broken, then further move to the lowerside is expected.
Trade Recommendations:
Only sell a breakout below 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.
