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We're sellers towards 1.12

We're sellers towards 1.12 | 03 November 2022

03 November 2022, GBP/USD

We're sellers towards 1.12

Wave Analysis

The British pound continues to rally to the lowerside and is still pretty much bearish both on the daily and on the weekly charts, on this chart, we are looking for a possible extension of the impulsive wave (c) to the lowerside towards 1.12950 and may likely extend much lower. On the flipside, should the price again break above the same trendline, then this could be a good place tor a buy position towards 1.16.

Trade Recommendations:

We're sellers towards 1.12

Bob Stan
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