GBPUSD – Flat
GBPUSD has been on an uptrend for the last few days, and the trend is likely to continue. Again, the market is in a corrective phase (ABC corrective pattern). The market is currently in a resistance zone,1.1922, the market has formed a triple-double bottom, and the market is likely to buy from this zone (1.1922), at least up to 1.2088. Should the market break below this zone, the price will probably drop up to 1,1837 This zone is our minor corrective wave c. You can place a sell stop below the major zone,(1.1910) with your profit target at 1.1837.
Trade Recommendations:
We’re sellers towards 1.1895
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