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We're on the sidelines.

We're on the sidelines. | 08 December 2021

08 December 2021, GBP/USD

We're on the sidelines.

Wave Analysis

The British pound continues to rally to the lowerside but is yet to break below the level 1.32105. As long as the price does not clearly break and close below this level, we are on the sidelines, we are basically waiting for a clear breakout below this line to mark a possible continuation to the lowerside and may see the price break below 1.30675 and should continue much lower towards 1.29 or even lower.

Trade Recommendations:

We're on the sidelines.

Bob Stan
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