We are short towards 1.2355. | 20 Mei 2022
20 Mei 2022, GBP/USD
Wave Analysis:
This pair has been trading within the upper and the lower trendline for a while now,recently the price rebounded from the lower trendline at the impulsive wave cycle three towards the upper side in continuation of the corrective wave cycle four.As at now the price is heading towards the lower side, I expect a further bearish momentum towards 1.2355 or even much lower in continuation of the impulsive wave cycle five.We are sellers from 1.2452 towards 1.2355.
Trade Recommendations:
We are short towards 1.2355.
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.
