GBPUSD – Flat
Wave Analysis:
The price rebounded from the lower trendline at the impulsive wave cycle five towards the upper side at the corrective wave cycle two, it then bounced back to the lower trendline in continuation of the impulsive wave cycle three. As at now, the price is rallying towards the upper side, I expect it to go up to 1.2055 in continuation of the corrective wave cycle four, then bounce back to the lower trendline at the impulsive wave cycle five. If you are looking at this pair right now, pick a buy from 1.1995 towards 1.2055.
Trade Recommendations:
We are buyers.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
