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We're sellers towards 1.30065.

We're sellers towards 1.30065. | 07 October 2021

07 October 2021, GBP/USD

We're sellers towards 1.30065.

Wave Analysis

Just as in Euro the British pound is currently in an active downtrend. As it is right now, we are expecting a possible continuation of the last impulsive wave (c) to the lowerside and should breakout below 1.32995 and may continue much lower towards 1.30065. On the flipside, only a clear breakout above the previous day's highest high, then further momentum to the upperside is expected with the next ideal target is set around 1.38.

Trade Recommendations:

We're sellers towards 1.30065.

Bob Stan
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