29 Tháng Năm 2020, GBP/USD
Wave Analysis
During the previous trading day, the impulsive wave (E) continued to the upperside but could not break above the upper trendline, we are waiting for a bounce from the upper trendline to mark an end to the impulsive wave (E) and the beginning of a correction to the lower side but should not go beyond the lower trendline. This view can only be invalidated in case the price breaks and closes above the upper trend line, if this is the case, then further momentum to the upperside is expected with an ultimate target around 1.24620.
Trade Recommendations:
Look for sell orders towards the lower trend line.
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