We are long towards 1.2595.

19 5月 2022, GBP/USD

Wave Analysis:

The Great British Pound and the Euro seems to be moving in the same direction on the one hour chats.Recently the price bounced off from the upper trendline at the impulsive wave cycle three towards the lower side at the corrective wave cycle four.I expect a rebound from the lower trendline towards the upper side around 1.2595 in continuation of the impulsive wave cycle five.If you are looking at this pair right now,pick a buy from 1.2388 towards 1.2595.

Trade Recommendations:

We are long towards 1.2595.

Graham Osano
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