We're waiting for a possible long term buy signal towards 1.43433 | 10 Agosto 2022
10 Agosto 2022, GBP/USD
Wave Analysis:
The British pound continues to rally to lowerside despite being around a significant monthly supportive zone 1.21950-1.20351. As long as the price does not clearly break and close below this zone on the monthly chartr, we are waiting for a possible long term buy position to pick a long order with an ultimate target set at 1.43433 and may likley continue much higher. As it is right now, we arebuyers. On the flipside, should the price break below 1.20351, then we may look for sell positions.
Trade Recommendations:
We're waiting for a possible long term buy signal towards 1.43433
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.
