Remain short towards 1.25190. | 10 July 2020

10 July 2020, GBP/USD

Remain short towards 1.25190.

Wave Analysis

After reaching the high of 1.26685, The British pound pulled back to the lower side and is currently heading to the lower side, we expect the current bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 1.25350 towards 1.24740. As it is on the daily chart, we expect nothing but a possible momentum to the lower side. This view will only be invalidated in case the price breaks and closes above 1.26835, then this may be a good place to look for buy position.

Trade Recommendations:

Remain short towards 1.25190.

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus