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We're on the sidelines for now.

We're on the sidelines for now. | 25 October 2022

25 October 2022, GBP/USD

We're on the sidelines for now.

Wave Analysis:

The British pound is currently in a range, not going above the upper trendline or below the lower trendlin. As it is right now, we are waiting for a rebound from the upper trendline to pick a sell position or a break above it to pick a possible long term buy position. On the flipside, should the price break below the lower trendline, then we will be looking for a sell position towards 1.02275.

Trade Recommendations:

We're on the sidelines for now.

Bob Stan
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