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We're on the sidelines for now

We're on the sidelines for now | 19 October 2022

19 October 2022, GBP/USD

We're on the sidelines for now

Wave Analysis:

Despite the previous forecasts about this pair, the British pound continues to pullback to the upperside. As it is right now, I am looking for a possible rally towards 1.14512 and will likely breakout above 1.14512 towards 1.18334 even further. On the flipside, should the price break below 1.0578, then this will be a good place to consider a possible long term sell position towards 1.05.
Trade Recommendations:
We're on the sidelines for now
Bob Stan
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