We're buyers towards 1.23. | 09 Diciembre 2022
09 Diciembre 2022, GBP/USD
Wave Analysis:
The British pound continues to rally above 1.21557. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to thee upperside and will see the price rally to the upperside towards 1.23 and may accelerate much higher. On the flipside, only a break below 1.21 will attract a possible long term sell position.
Trade Recommendations:
We're buyers towards 1.23.
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.
