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We're sellers towards 1.03820.

We're sellers towards 1.03820. | 10 October 2022

10 October 2022, GBP/USD

We're sellers towards 1.03820.

Wave Analysis

Last week, the British pound bounced off from the level 1.14640-1.14266. As long as the price remains below this zone, we are looking for a possible long term sell position. The anticipated bearish price rally is the continuation of an impulsive wave count and will see the price accelerate much lower towards 1.03820 and may breakout much lower. On this chart, sell positions looks ideal.

Trade Recommendations:

We're sellers towarrds 1.03820.

Bob Stan
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