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We're sellers from 1.22656 towards 1.18104

We're sellers from 1.22656 towards 1.18104 | 08 August 2022

08 August 2022, GBP/USD

We're sellers from 1.22656 towards 1.18104

Wave Analysis

Just as EURUSD, the British pound has been in an active downtrend. As it is right now, I expect nothing but a possible momentum to the lowerside, the idea here is to continue to look for low risk sell positions. If you are on this chart right now, keep looking for low risk sell positions. On this chart, we are looking for a possible sell from around 1.22656 and may likely continue to the lowerside with an ultimate target set at 1.18104 and may extend much lower. On the flipside, a break above 1.22656 may push the price upwards towarrds 1.26317.
Trade Recommendations:
We're sellers from 1.22656 towards 1.18104
Bob Stan
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