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We're buyers for now towards 1.176669.

We're buyers for now towards 1.176669. | 27 October 2022

27 October 2022, GBP/USD

Wave Analysis

Yesterday, the British pound rallied to the upperside and even went above the upper trendline, on this chart, we are looking for a possible rebound from the level 1.17669 to pick a sell position with our target set around 1.07875 and may likely break and close below it, on this chart, we're buyers for now. On the flipside, a break below 1.13930 may trigger a sell towards 1.08935.

Trade Recommendations:

We're buyers for now towards 1.176669.

Bob Stan
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