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We're buyers towards 1.200.

We're buyers towards 1.200. | 17 Noviembre 2022

17 Noviembre 2022, GBP/USD

Wave Analysis:

The British pound continues to rally above the upper trendline. While we see sustaince above this level, we expect nothing but a possible momentum to the upperside, the idea on this chart is to keep looking for low risk buy positions expecting a possible break above 1.200 and will push the price much higher towards 1.22 or even higher. On this chart, sell positions looks a bit risky and may not be recommended.

Trade Recommendations:

We're buyers towards 1.200.

Bob Stan
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