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We're buyers towards 1.17554.

We're buyers towards 1.17554. | 10 November 2022

10 November 2022, GBP/USD

Wave Analysis

The British pound is still rallying within the upper trendline and the lower trendline. As it is right now, I am looking for a possible rebound from the lower trendline to pick a possible long term buy position towards the upper trendline. The price needs to breaks and closes above 1.17554, if this is the case, then further momentum to the upperside is expected with the next ideal target set around 1.22.

Trade Recommendations:

We're buyers towards 1.17554.

Bob Stan
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