25 июня 2020, GBP/USD
Wave Analysis
Yesterday, the British pound rallied to the lower side after barely moving a few pips above its opening price. The price closed below its opening price. As long as the price remains below the Alligator Indicator attached, we expect nothing but a possible momentum to the lower side towards 1.23444. A break below this level will mean we are continuing to the lower side towards 1.23115. This is the continuation of the current impulsive wave (3) and should first break below 1.23444 towards 1.23115.
Trade Recommendations:
Remain short towards 1.23115.
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