Wait for a resell from 1.24010. | 29 Juni 2020
29 Juni 2020, GBP/USD
Wave Analysis
On 26th June this month, the British pound established a support around 1.2325 and headed to the upper side. We expect the current bullish price rally to be the continuation of a corrective three wave cycle and could see price break above 38.2% fib level, and should the price break and close above 38.2% fib level, then further momentum to the upper side is expected towards 50.0% fib level, on the lower side should the price break and close below swing low, then further momentum towards 1.21 is expected.
Trade Recommendations:
Wait for a resell from 1.24010.
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.
