We're sellers towards 1.37090. | 17 Juni 2021
17 Juni 2021, GBP/USD
Wave Analysis
Yesterday, the British pound successfully broke below 1.40927 and is still pretty much bearish. As long as the price remains below 1.40927, the anticipated bearish price rally is the continuation of an impulsive wave count and could push the much lower with the next ideal target set at 1.39150. If the price breaks below this level, then further momentum with the next ideal target set at 1.38640. On the flipside, if the price break and close above 1.40927, then further momentum to the upper side will push the price towards 1.45.
Trade Recommendations:
We're sellers towards 1.37090.
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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.
