We're holding onto sell positions towards 1.11 | 09 Septiembre 2022
09 Septiembre 2022, GBP/USD
Wave Analysis:
Euro continues to rally to the lowerside and is still showing signs of continuing much lower. On this chart, I expect nothing but a possible momentum to the lowerside. yesterday, the price pulled back upwards but could not hit the 50.0% fib level, we are still waiting for a pullback to the upperside, however, if the price breaks below the previous day's lowest low, then we expect the last impulsive wave (5) to push the price much lower with the next ideal target set at 1.12 and may head much lower.
Trade Recommendations:
We're holding onto sell positions towards 1.11
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.
