GBPUSD – Flat
GBPUSD is still very bullish. The market is in a corrective phase ( ABC corrective pattern). Again the market is moving correctively to the upside meaning sellers are likely to be in control soon. The market is likely to form a new trend or a bearish reversal pattern before dropping. I expect this pair to buy at least up to 1.2410, this is where we expect the corrective phase to end. You can place buy orders below with your take profit at 1.2410. Lastly, should the market reverse to the downside and break below 1.2182, this setup will be invalidated.
Trade Recommendations:
We’re long
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
