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We're sellers | 25 January 2023

25 January 2023, GBP/USD

We're sellers

Wave Analysis

GBPUSD has been on an uptrend for the last few days but now it seems the trend changing. The market has already completed forming the major V waves. The market has formed a double top at 1.24404, which shows that buyers are most likely and sellers are likely to be in control soon, again from 1.20819 to 1.24404, the market moved in the form of an ascending channel this increases the probability of this pair selling. What I expect now is for this pair to sell from where it is now,1.23395 to around 1.20851,in form of corrective 3 waves pattern.

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We're sellers

Bob Stan
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