12 May 2020, GBP/USD
Wave Analysis
According to the previous day's forecasted, we expect the British pound to continue to the upper side but instead, the pair rallied to the lower side but is yet to clearly break below the supportive trend line. As long as the price remains above this trendline, we will be looking for long term buy orders. The anticipated bullish price rally is the continuation of the Corrective wave (D) but should not go beyond the upper trend line, should the price bounce off from this trendline, then we will be selling the last impulsive wave (E), this view can only be invalidated in case the price breaks below the supportive trend line.
Trade Recommendations:
Wait
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 