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We're sellers towards 1.02.

We're sellers towards 1.02. | 28 September 2022

28 September 2022, GBP/USD

We're sellers towards 1.02.

Wave Analysis:

The British pound continues to rally within a range, not going above 1.090 or below 1.03860. As long as the price remains within this range, we are on the sidelines, we are basically, we're waiting for a breakout below this level, 1.03860 to pick a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside towards 1.02 and will likely continue much lower.

Trade Recommendations:

We're sellers towards 1.02.

Bob Stan
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