GBPUSD – Flat
GBPUSD is currently very bearish. We can see that the price is moving impulsively to the downside. This pair is in an impulsive phase and is currently forming the impulsive major wave ‚V‘. We expect the price to drop at least to the support zone at „1.2369“. Our final target, though, is where we expect the major impulsive wave ‚V‘ to reach, which is at support zone“1.2302″. You can place a short position now with your profit target set between „1.2369“ and „1.2302“. Ensure you use proper risk management.
Trade Recommendations:
We’re short for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
