We are sellers towards 1.695. | 17 June 2022

17 June 2022, GBP/USD

We are sellers towards 1.695.

Wave Analysis:

The Great British Pound and the Euro seems to be moving in the same direction on the four hour chart. During the previous trading days, the price rebounded from the impulsive wave cycle three towards the upper trendline at the corrective wave cycle four, right now the price is rallying towards the lower trendline I expect it to go up to 1.1695 or even much lower in continuation of the impulsive wave cycle five.

Trade Recommendations:

We are sellers towards 1.1695.

Bob Stan
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