GBPUSD. Wait for a buy from 1.24607. | 25 Juli 2019
25 Juli 2019, GBP/USD
Wave Analysis
Instead of continuing to the lowerside as previously forecasted, the cable pulled back to the upperside and is currently above 1.24807, on the hourly chart attached, we expect the previous move to the upperside to be a mere correction but should not go beyond 1.25754, as it , we recommend looking for a buy from 1.24607, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside but should not go beyond 1.25112, if this target is broken, then we're still upwards towards 1.25754.
Trade Recommendations:
Wait for a buy from 1.24607.
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.
