the GBP/USD pair is showing some signals of an impulsive wave formation,
i am expecting a wave 4 pullback near 1.2080/1.2050 area in order to long again targeting 1.2380/1.2690 region medium to long term.
with some geopolitical tensions we might see a strong US dollar in the coming sessions considering the Dollar index a safe haven.
tomorrow we will have 50BP hike from BOE as priced in the markets , the strongest hike since 1995 , thus a stronger pound expected after that meeting tomorrow.
good luck !!
i am expecting a wave 4 pullback near 1.2080/1.2050 area in order to long again targeting 1.2380/1.2690 region medium to long term.
with some geopolitical tensions we might see a strong US dollar in the coming sessions considering the Dollar index a safe haven.
tomorrow we will have 50BP hike from BOE as priced in the markets , the strongest hike since 1995 , thus a stronger pound expected after that meeting tomorrow.
good luck !!