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Wait | 13 September 2022

13 September 2022, GBP/USD

We're sellers towards 1.11 in the long run.

Wave Analysis:

The british pound continues to pull back to the upperside despite the previous forecast that we were heading downwarrds. As long as the price remains below the upper moving average, I expect nothing but a possible momentum to the lowerside, the current bullish price rally is the continuation of an corrective wave count and should see the price break above 1.17 or even higher. On this chart, sell positions looks ideal.

Trade Recommendations:

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Bob Stan
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