We are buyers towards 1.2855. | 03 June 2022

03 June 2022, GBP/USD

We are buyers towards 1.2855.

Wave Analysis:

During the previous trading days, the price rallied along the upper trendline for a while before bouncing off to the lower trendline at the corrective wave cycle four. Currently the price is on the lower trendline rallying towards the upper side. I expect a rebound towards 1.2855 ibn continuation of the impulsive wave cycle five. If you are looking at this pair now, pick a buy from 1.2571 towards 1.2855.

Trade Recommendations:

We are buyers towards 1.2855.

Bob Stan
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