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We're sellers towards 1.30 or even lower.

We're sellers towards 1.30 or even lower. | 13 December 2021

13 December 2021, GBP/USD

Wave Analysis

The British pound continues to rally to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As it is right now, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is an extension of the last impulsive wave (v) to the lowerside and should break below 1.31185 and may extend much lower with the next ideal target set around 1.30 and may extend much lower.

Trade Recommendations:

We're sellers towards 1.30 or even lower.

Bob Stan
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