GBPUSD – The pair may continue to decline as part of the development of the correction

06.06.2022

The sellers of the pair under consideration decided not to put things off and took advantage of the moment to implement their plan. As a result, the price went down, as expected.

However, the course has not yet reached its goal. In this regard, a further decline is expected in the near future as part of the observed correction in wave iv. The power reserve is enough to open new sell trades.

Recommendations: Sales 1.2500, SL 1.2520, TP 1.2400.