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We're waiting for a bearish correction.

We're waiting for a bearish correction. | 23 January 2023

23 January 2023, GBP/USD

We're waiting for a bearish correction.

Wave Analysis:

The British pound is currently in a bullish bias momentum. As long as the price remains above 1.22900, we are looking for low risk buy positions towards 1.25 and may continue to the upperside towards 1.26 or even higher. On the flipside, should the price break below 1.23390 and may see the price rally to the lowerside towards 1.22410 and may continue much lower.
Trade Recommendations:
We're waiting for a bearish correction.
Bob Stan
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