We're buyers towards 1.17554. | 08 November 2022
08 November 2022, GBP/USD
Wave Analysis
The British pound is currently rallying in a bullish bias momentum. While the price does not clearly ascend and close above 1.17554, we are waiting for a rebound from this level to pick a possible long term sell position. In case the price breaks and close above 1.17544, then we will be looking for a possible long term buy position with the next ideal target set around 1.26360 and may continue much higher.
Trade Recommendations:
We're buyers towards 1.17554.
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.
