GBPUSD – Flat
Wave Analysis
For the past few days, the corrective wave (iv) extended significantly to the upper side but is still way below the end of the first impulsive wave (i), As long as the price remains below 1.31460, we expect a possible momentum to the lower side in the long run. Ideally, we still expect further bullish correction but should not go above 1.31. The anticipated bearish price rally is the continuation of the last impulsive wave (v) and should break below 1.26907, towards 1.23300 or even lower with an ultimate target at 1.21
Trade Recommendations:
We’re looking for a possible long term short position towards 1.26907.
101% Double the volume
!Attention!
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