GBPUSD – Flat
Wave Analysis:
During the previous trading days, the Great Britain Pound rallied around the lower trendline at the corrective wave cycle four, before rebounding towards the upper side in continuation of the impulsive wave cycle five. As at now, the price is within the upper and the lower trendline, as long as the price remains above the resistance level (1.1924-1.1916) we remain buyers. If you are looking at this pair right now, wait for the price at around 1.1924 then pick a buy towards the upper trendline.
Trade Recommendations:
Wait.
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