We're watching for a sell from 1.17669. | 28 اكتوبر 2022
28 اكتوبر 2022, GBP/USD
Wave Analysis:
After breaking above the upper trendline, the British pound is yet to hit the level 1.17669. This is a key resistance level and while the price remains below it, we are waiting for a rebound from it to pick a possible long term sell position. A clear break and close above this level will push the price to the upper side towards 1.20 and may likely extend much higher towards 1.21 or even higher.
Trade Recommendations:
We're watching for a sell from 1.17669.
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.
