We're sellers towards 1.34197 | 10 November 2021
10 November 2021, GBP/USD
Wave Analysis:
Just as in Euro, the British pound did very little change during the previous trading day, however, the price ended up closing as a bearish pin bar candle. As it is right now, we are looking for a possible long term sell positions expecting a break below 1.34197 and may extend much lower. However, should the price break and close above the previous day's highest high, then, we may settle for a long term buy position with our new target now set at 1.38800.
Trade Recommendations:
We're sellers towards 1.34197
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.
