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We're sellers towards 1.08220

We're sellers towards 1.08220 | 13 October 2022

13 October 2022, GBP/USD

We're sellers towards 1.08220

Wave Analysis

Yesterday, the British pound rallied to the upperside but remained within the previous day's candle. As it is right now, I am expecting a possible break below the previous day's lowest low to push the price to the lowerside with an ideal target set around 1.06020 and could push the price much lower. On this chart, we are strictly sellers as long as the price remains below 1.09320.

Trade Recommendations:

We're sellers towards 1.08220

Bob Stan
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