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We're on a bullish trend towards 1.23.

We're on a bullish trend towards 1.23. | 08 December 2022

08 December 2022, GBP/USD

Wave Analysis

Yesterday, the British pound rebounded from the level 1.215 and is currently in an upward rally. On this chart, are strictly buyers as long as Euro is a buy and the US Dollar is a sell. The idea is to keep looking for low risk buy orders towards 1.23 and may likely continue to the upper side towards 1.24 or even higher. On the flipside, should the price break and close below 1.21556, then this will be a good place to consider a possible long term sell position.

Trade Recommendations:

We're on a bullish trend towards 1.23.

Bob Stan
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