Hi everyone,
GBPUSD is presently having a motive wave to the downside which should terminate at 1.4019
From that level, I expect some buying to re-test the just broken daily support level. This move should extend to 1.4144-4160 region from where price should continue to the downside to retest support at 1.3871
Let's see the expected trajectory again:
1. Present sell till 1.4019
2. Buy till 1.4144-1.4160
3. Sell till 1.3871
Let's see how this plays out.
Happy trading everyone.
GBPUSD is presently having a motive wave to the downside which should terminate at 1.4019
From that level, I expect some buying to re-test the just broken daily support level. This move should extend to 1.4144-4160 region from where price should continue to the downside to retest support at 1.3871
Let's see the expected trajectory again:
1. Present sell till 1.4019
2. Buy till 1.4144-1.4160
3. Sell till 1.3871
Let's see how this plays out.
Happy trading everyone.