29 May 2019, GBP/USD
Wave Analysis
Since 9th this month, the cable has been in an active downtrend. However, on 24th of this month, the pair rose above the upper resistance cloud formation. Following the return below the same cloud formation, we expect nothing but a possible momentum further to the lowerside with an ultimate target at 1.26081. If this target is broken, then we expect the impulsive wave (5) to continue to the lowerside with the next ideal target at 1.25710 or even lower. As it is on the hourly chart, buy orders are very risky and cannot be recommended.
Trade Recommendations:
We're looking for long term sell orders with our first take profit at 1.26081
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 