We're watching for a possible long term sell position towards 1.11. | 20 Septiembre 2022
20 Septiembre 2022, GBP/USD
Wave Analysis
During the previous trading week, the British pound rallied to the lowerside and has now pulled back towards the same zone it broke below, 1.14640-1.14266. As long as the price does not break and close above this zone, we are looking for a possible long term sell position towards 1.11 and may likely continue to the lowerside. On this chart, we are looking for a possible extension of the last impulsive wave (5) and will see the price break beyond 1.11.
Trade Recommendations:
We're watching for a possible long term sell position 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.
