Conservative traders should wait and buy a break above 1.18816-1.18296 | 14 Noviembre 2022
14 Noviembre 2022, GBP/USD
Wave Analysis
During the previous trading day, British pound rallied to the upperside but is still below the zone 1.18816-1.18296. As long as the price does not break and close out of this range, we are waiting for a rebound from it to pick a long term sell position towards the lower trendline. On the flipside, should the price break and close above this zone, then we will be looking at a possible long term buy position.
Trade Recommendations:
We're buyers towards 1.198
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.
