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We're still long towards 1.17554.

We're still long towards 1.17554. | 09 November 2022

09 November 2022, GBP/USD

We're still long towards 1.17554.

Wave Analysis

Yesterday, nothing much happened on the British pound, we are still expecting further momentum to the upperside towards the level 1.17554 and may likely continue to the upperside towards 1.26360. On its way to the upperside, the key levels to look for include 1.21860, 1.24110 and may likely continue to the upperside. If the price rebounds from 1.17554, then this will be a good place to consider a sell position.

Trade Recommendations:

We're still long towards 1.17554.

Bob Stan
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