We're buyers towards 1.16620. | 01 Noviembre 2022
01 Noviembre 2022, GBP/USD
Wave Analysis
While on EURUSD we have seen a 61.8% fib retracement, on the British pound, we have only pulled back 38.2% fib level, this is a huge difference and following the fact that the British pound and the Euro are positively correlated, we are looking for a possible turn on both pairs, we will be expecting a buy on EURUSD and A buy on British pound. On the British pound as shown above, we are looking for long term buy positions towards 1.16620.
Trade Recommendations:
We're buyers towards 1.16620.
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.
