We're on the sidelines for now. | 25 Octubre 2022
25 Octubre 2022, GBP/USD
Wave Analysis:
The British pound is currently in a range, not going above the upper trendline or below the lower trendlin. As it is right now, we are waiting for a rebound from the upper trendline to pick a sell position or a break above it to pick a possible long term buy position. On the flipside, should the price break below the lower trendline, then we will be looking for a sell position towards 1.02275.
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.
