Sterling Wave Analysis – 10 June, 2022

• Sterling broke pivotal support level 1.2435
• Likely to fall to support level 1.2230

Sterling just broke below the pivotal support level 1.2435 (which has been reversing the price from the start of April).

The breakout of the support level 1.2435 continues the strong downtrend that can be seen on the daily GBPUSD charts.

GBPUSD can be expected to fall further toward the next support level 1.2230 (forecast price for the completion of the active impulse wave 3).