We're sellers towards 1.19 | 22 December 2022
22 December 2022, GBP/USD
Wave analysis:
Yesterday, the British pound rallied to the lowerside but is still within the descending wedge formation. As long as the price remains below the upper trendline, I am looking at nothing but a possible long term sell position, the idea on this chart is to keep looking for low risk sell orders with the next ideal target set around 1.20160 and may breakout much lower.
Trade Recommendations:
We're sellers towards 1.19
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
