We're sellers towards 1.15. | 30 Agosto 2022
30 Agosto 2022, GBP/USD
Wave Analysis:
Yesterday, the British pound showed little movements to the lowerside, and, despite the rally towards 1.16630, the pair pulled back upwards towards 38.2 % fib level, but could not breakout any higher. As it is right now, I am looking forward for a possible long term sell position, the anticipated sell position is the continuation of the last impulsive wave (5) to the lowerside and may see the price rally towards 1.1614 and will likely continue much lower.
Trade Recommendations:
We're sellers towards 1.15.
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.
