We're on the sidelines for now expecting a bullish rally towards the previous week's highest high | 02 Noviembre 2022
02 Noviembre 2022, GBP/USD
Wave Analysis
Yesterday, the British pound bounced off from the lower trendline and is currently heading to the upperside. As it is right now, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is an onset of a bullish price rally, and may see the price continue towards the upper trendline. On the flipside, if the price breaks below the lower trendline, then a momentum towards 1.13505 is expected.
Trade Recommendations:
We're on the sidelines for now expecting a bullish rally towards the previous week's highest high.
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.
