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We're watching for a sell from 1.17669.

We're watching for a sell from 1.17669. | 28 October 2022

28 October 2022, GBP/USD

Wave Analysis:

After breaking above the upper trendline, the British pound is yet to hit the level 1.17669. This is a key resistance level and while the price remains below it, we are waiting for a rebound from it to pick a possible long term sell position. A clear break and close above this level will push the price to the upper side towards 1.20 and may likely extend much higher towards 1.21 or even higher.

Trade Recommendations:

We're watching for a sell from 1.17669.

Bob Stan
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