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We're sellers towards 1.03820.

We're sellers towards 1.03820. | 11 October 2022

11 October 2022, GBP/USD

We're sellers towards 1.03820.

Wave Analysis

After a rebound from 1.14640-1.14266, Euro rallied to the lowerside and is still showing signs of continuing to the lowerside. On this chart, As long as the price remains below the three moving averages shown above, I am looking for an extension of an impulsive wave count and will see the price rally towards 1.06020 and will extend much lower. As it is right now, we are strictly sellers.

Trade Recommendations:

We're sellers towarrds 1.03820.

Bob Stan
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