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We're sellers towards 1.11.

We're sellers towards 1.11. | 21 September 2022

21 September 2022, GBP/USD

We're sellers towards 1.11.

Wave Analysis

Perfectly as previously forecasted, the British pound failed to break above the zone 1.14640-1.14266. As long as the price remains below this zone, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and may see the price break below 1.13070 and will likely continue much lower with the next ideal target set at 1.11.

Trade Recommendations:

We're sellers towards 1.11.

Bob Stan
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