GBP/USD still in bullish correction

1 min read

The pair is still in bullish correction. As expected previously, 1.2760 area provide great resistance (23rd June Analysis). The invalidation of the 1 Hour wave count lies at around 1.2815.

 

Closely looking at the chart below one more Wave ((v))(Blue) is expected ahead, where we may expect the end of bullish correction. The invalidation on 15 min chart is at 1.2695, the break  of 1.2695 will suggest further bearishness this time.

 

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