GBPUSD – Flat
GBPUSD since last week has been on an uptrend. The market is currently moving in from a minor corrective 3 waves. The market formed an ascending channel from 1.1960 to 1.2190. As shown in the chart above the market has already broken below the lower trendline of this channel impulsively, meaning this pair is on a strong downtrend. I expect this pair to drop from 1.2147 up to around 1.1189.You can place a sell order now, and if you have any open sell orders, I advise you to hold them until the price reaches 1.1189.
Trade Recommendations:
We’re short
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
