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We're buyers towards 1.22.

We're buyers towards 1.22. | 01 December 2022

01 December 2022, GBP/USD

We're buyers towards 1.22.

Wave Analysis

During the previous trading day, the British pound rallied to the upperside after a rebound from 1.19494 and will push the price much higher. On this chart, we expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for low risk buy positions towards 1.20 and may push the price much higher towards 1.23 or even higher. On the flipside, only a break below 1.19494 to push the price much lower.

Trade Recommendations:

We're buyers towards 1.22.

Bob Stan
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