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We're sellers towards 1.32 and may extend much lower

We're sellers towards 1.32 and may extend much lower | 17 November 2021

17 November 2021, GBP/USD

We're sellers towards 1.32 and may extend much lower

Wave Analysis:

During the previous trading day, the British pound closed as a bearish pin bar candle. As long as the price remains below this previous day's opening price, we expect nothing but a possible momentum to the loweside, the anticipated bearish price rally is the continuation of the last impulsive wave cycle is the continuation of the last impulsive wave (v) to the lowerside and may see the price break and close below 1.33220. If you are looking at this chart right now, keep looking for long term sell positions towards 1.32 and may continue lower. On this chart, we're basically just sellers.
Trade Recommendations:
We're sellers towards 1.32 and may extend much lower
Bob Stan
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