GBPUSD – A good corrective growth of the pair is expected

16.06.2022

After the sharp decline that led to the renewal of the low, there was a quick reaction. Active purchases have led to the return of the rate to the previously broken level, and buyers are unlikely to stop there. Most likely in the near future we will see a continuation of the upward price movement.

This is due to the formation of the corrective wave iv. Thus, the target for the expected growth lies at the level of 1.2600.

Recommendations: Buy 1.2170, SL 1.2145, TP 1.2600.