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We're buyers for now

We're buyers for now | 14 November 2023

14 November 2023, GBP/USD

We're buyers for now

Recently, the British pound bounced off from the immediate trendline and is currently heading to the upperside, as it is right now, we expect nothing but a possible momentum to the upperside. On this chart, we expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for buy positions expecting a rally towards 1.25458 and may likely see the price much higher. If the price breaks and closes below the lower trendline, then further momentum much lower is expected.

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We're buyers for now

Bob Stan
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