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We're sellers towards 1.02

We're sellers towards 1.02 | 20 October 2022

20 October 2022, GBP/USD

We're sellers towards 1.02

Wave Analysis:

The British pound is currently rallying in a bearush manner. As long as the price remains below the two movingg averages shown above, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continiua of the last impulsive wave (5) to the lowerside and will see the price rally towards 1.02 and will likely extend much lower. On this chart, buy positions looks a bit risky and may not be recommended at the moment.
Trade Recommendations:
We're sellers towards 1.02
Bob Stan
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