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We're buyers towards 1.17554.

We're buyers towards 1.17554. | 08 November 2022

08 November 2022, GBP/USD

We're buyers towards 1.17554.

Wave Analysis

The British pound is currently rallying in a bullish bias momentum. While the price does not clearly ascend and close above 1.17554, we are waiting for a rebound from this level to pick a possible long term sell position. In case the price breaks and close above 1.17544, then we will be looking for a possible long term buy position with the next ideal target set around 1.26360 and may continue much higher.

Trade Recommendations:

We're buyers towards 1.17554.

Bob Stan
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