We're long towards 1.2175. | 27 ديسمبر 2022

27 ديسمبر 2022, GBP/USD

We're long towards 1.2175.

Wave Analysis:

The British pound continues to pullback to the upperside but is still below 1.21350. As long as the price remains below this level, I am waiting for nothing but a possible rebound from 1.21765 to pick a possible long term sell position back towards 1.19 and may continue to the lowerside. On the flipside, should the price break and close above 1.21350, then this will be a good place top look for buy positions towards 1.22595.
Trade Recommendations:
we're long towards 1.2175.

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.
Bob Stan
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