GBPUSD. Look for a buy from 1.2558 | 15 Juli 2019

15 Juli 2019, GBP/USD

GBPUSD. Look for a buy from 1.2558

Wave Analysis

Since 10 July, the cable has been making higher lows and even went above last Thursdays highest high. As long as the price remains above the zone 1.2562-1.2558, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break above 1.2575 further to the upperside. This view will only be invalidated in case the price breaks below 1.2558, if this is the case, then further move to the lowerside is expected.

Trade Recommendations:

Look for a buy from 1.2558.

Bob Stan
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