We're buyers towards 1.22. | 20 نوفمبر 2022
20 نوفمبر 2022, GBP/USD
Wave Analysis
During the previous trading day, the British pound rallied to the lowerside but is still above the level 1.19494. As long as the price remains above this level, we are basically waiting for a rebound from it to pick a possible long term buy position towards 1.22 and may see the price rally much higher. On the other side, should the price break and close below 1.1948, then this will be a good place to consider a possible long term sell position.
Trade Recommendations:
We're buyers towards 1.22.
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.
