04 June 2019, GBP/USD
Wave Analysis
After a drastic decline in price seen few days ago, the cable is now pulling back to the upperside. This pair is still bearish on both the daily and the weekly charts, thus, as long as the price remains below 1.27470, we expect nothing buta possible momentum to the lowerside. The anticipated bearish price rally is the continuation of both the impulsive waves (v) and (c) and should breakout below 1.25720 or even lower. The idea is not to look for sell positions now, rather, wait for corrections further towards 1.27470.
Trade Recommendations:
Wait
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