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We're buyers towards 1.24.

We're buyers towards 1.24. | 16 November 2022

16 November 2022, GBP/USD

We're buyers towards 1.24.

Wave Analysis

As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside is expected towards 1.21 and may likely extend much higher, the idea on this chart is to keep looking for low risk buy positions towards 1.24 and will continue much higher. On the otherside, if the price breaks and closes below the same moving average, then this will be a good place to consider a possible long term sell position.

Trade Recommendations:

We're buyers towards 1.24.

Bob Stan
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