We're long towards 1.24422. | 12 Octubre 2023
12 Octubre 2023, GBP/USD
Wave Analysis
Just as the Euro, the British pound is showing signs of extending much higher. As it is right now, I am looking forward to a possible rally to the upperside with the next ideal target bset at 1.24422. If the price breaks and close above it, then further momentum to the upperside is expected with the next ideal target set around 1.27785. On the flipside, if the price breaks and closes below 1.22667, then further momentum much lower is expected towards 1.20540.
Trade Recommendations:
We're long towards 1.24422.
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.
