We're sellers towards 1.33565 | 03 November 2021
03 November 2021, GBP/USD
Wave Analysis
The British pound is currently in an active downtrend. As long as the price is help below the previous day's lowest low, we expect nothing but a possible momentum to the lowerside. The ideal here is to keep looking for long term sell positions expecting a break below 1.33586 and could continue much lower towards 1.26560 or even lower. As it is now, buy positions looks a bit risky and may not be recommended.
Trade Recommendations:
We're sellers towards 1.33565
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.
