We're sellers towards 1.14. | 31 Agosto 2022
31 Agosto 2022, GBP/USD
Wave Analysis:
Yesterday, the British pound bounced off from the 50.0% fib level and is currently heading to the lowerside. The anticipated bearish price rally is the continuation of the impuslive wave (5) to the lowerside and may see the price break below 1.15860 and may continue much lower towarrds 1.14 or even lower. On the flipside, if the price breaks above the 50.0% fib level, then further momentum to the upperside is expected withh an ideal target set att 1.18800.
Trade Recommendations:
We're sellers towards 1.14.
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.
