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We're buyers towards 1.22.

We're buyers towards 1.22. | 20 Noviembre 2022

20 Noviembre 2022, GBP/USD

Wave Analysis

During the previous trading day, the British pound rallied to the lowerside but is still above the level 1.19494. As long as the price remains above this level, we are basically waiting for a rebound from it to pick a possible long term buy position towards 1.22 and may see the price rally much higher. On the other side, should the price break and close below 1.1948, then this will be a good place to consider a possible long term sell position.

Trade Recommendations:

We're buyers towards 1.22.

Bob Stan
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