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We're waiting for a bullish correction to pick a possible low risk sell position towards 1.10

We're waiting for a bullish correction to pick a possible low risk sell position towards 1.10 | 19 September 2022

19 September 2022, GBP/USD

We're waiting for a bullish correction to pick a possible low risk sell position towards 1.10

Wave Analysis:

The British pound continues to rally to the lowerside despite the previous forecast that it could extend to the upperside. While the price remains above the Friday's highest high, I expect nothing but a possible momentum to the upperside but should not go beyond the previous month's highest high 1.03757. So, technically, the bullish move we are looking at now, is a mere correction, overall, we are looking for an extension of the last impulsive wave (5) towards 1.10, and may breakout much lower.
Trade Recommendations:
We're waiting for a bullish correction to pick a possible low risk sell position towards 1.10
Bob Stan
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