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We're buyers towards 1.23.

We're buyers towards 1.23. | 09 December 2022

09 December 2022, GBP/USD

We're buyers towards 1.23.

Wave Analysis:

The British pound continues to rally above 1.21557. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to thee upperside and will see the price rally to the upperside towards 1.23 and may accelerate much higher. On the flipside, only a break below 1.21 will attract a possible long term sell position.

Trade Recommendations:

We're buyers towards 1.23.

Bob Stan
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