Wait | 18 اكتوبر 2022
18 اكتوبر 2022, GBP/USD
Wave Analysis
Just as in EURO, the British pound is in a correction mode, as it is right now, we are expecting a possible rally to the upperside if the price closes above the upper blue line and a move to the lowerside if the price fails to break above this line, on this chart, we may see the sellers push price downwards towards 1.03940 and may extend much lower. On this chart, sell positions still look ideal as long as we have an uptrend on the US Dollar.
Trade Recommendations:
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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.
