We're waiting for a bullish correction to pick a possible low risk sell position towards 1.10 | 19 سبتمبر 2022
19 سبتمبر 2022, GBP/USD
Wave Analysis:
The British pound continues to rally to the lowerside despite the previous forecast that it could extend to the upperside. While the price remains above the Friday's highest high, I expect nothing but a possible momentum to the upperside but should not go beyond the previous month's highest high 1.03757. So, technically, the bullish move we are looking at now, is a mere correction, overall, we are looking for an extension of the last impulsive wave (5) towards 1.10, and may breakout much lower.
Trade Recommendations:
We're waiting for a bullish correction to pick a possible low risk sell position towards 1.10
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.
