We're on the sidelines for now | 19 Octubre 2022
19 Octubre 2022, GBP/USD
Wave Analysis:
Despite the previous forecasts about this pair, the British pound continues to pullback to the upperside. As it is right now, I am looking for a possible rally towards 1.14512 and will likely breakout above 1.14512 towards 1.18334 even further. On the flipside, should the price break below 1.0578, then this will be a good place to consider a possible long term sell position towards 1.05.
Trade Recommendations:
We're on the sidelines for now
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.
