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We're sellers for now

We're sellers for now | 09 November 2021

09 November 2021, GBP/USD

We're sellers for now

Wave Analysis:

According to the monthly chart attached, the British pound bounced off from a significant monthly resistance zone 1.42503-1.45619 and is currently heading to the lowerside. As it is now, we are still a bit jittery to pick sell positions. We want to see a clear breakout below the blue line to pick a low risk sell position towards1.23935, if the price breaks and closes below it, then further momentum to the lowerside is expected. If the price pulls back up and touches 1.4250, then this will be a good place to consider a possible sell from.
Trade Recommendation's:
We're sellers for now
Bob Stan
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