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We're waiting for a possible low risk sell position towards 1.14.

We're waiting for a possible low risk sell position towards 1.14. | 01 September 2022

01 September 2022, GBP/USD

We're waiting for a possible low risk sell position towards 1.14.

Wave Analysis

Yesterday, we saw a surge to the lower side. The British pound established a fresh new low around 1.161 and is still showing signs of continuing much lower. On this chart, sell positions looks ideal and can safely be recommended. The idea here is to keep looking for low risk sell positions expecting the impulsive wave (5) to stretch much lower and may see the price break and close below 1.14 or even lower and may extend towards 1.13.

Trade Recommendations:

We're waiting for a possible low risk sell position towards 1.14.

Bob Stan
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