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We're buyers towards 1.24.

We're buyers towards 1.24. | 18 January 2023

18 January 2023, GBP/USD

We're buyers towards 1.24.

Wave Analysis

During the previous trading day, the British pound continued to rally to the upperside and is still continuing to the upperside. On this chart, the idea is to keep looking for a possible long term buy position towarrds 1.24. The anticipated bullish price rally is the continuation of the last impulsive wave v to the upperside n and may see a break above this target.

Trade Recommendations:

We're buyers towards 1.24.

Bob Stan
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