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We're buyers towards 1.1589.

We're buyers towards 1.1589. | 05 October 2022

05 October 2022, GBP/USD

We're buyers towards 1.1589.

Wave Analysis

During the previous trading day, the British pound rallied to the upperside and is now above the level 1.14640. As long as the price remains above this zone, I recommend nothing but a possible momentum to the upperside. On this chart, I recommend looking for buy positions now, with our target set 1.15 and could continue much higher. On the flipside, only a break below 1.14266 will attract a possible sell position.

Trade Recommendations:

We're buyers towards 1.1589.

Bob Stan
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