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We're waiting for a rebound from 1.21557 to pick a buy position.

We're waiting for a rebound from 1.21557 to pick a buy position. | 12 December 2022

12 December 2022, GBP/USD

We're waiting for a rebound from 1.21557 to pick a buy position.

Wave Analysis:

Then british pound continues to rally within a range, not going below 1.221557 or above 1.2339. As long as the price remains within this range, we are only intrested in reversals. We are basically waiting for a break above 1.23339 to pick a possible long term buy position, or a break below 1.21557 to pick a possible long term sell position.
Trade Recommendations:
We're waiting for a rebound from 1.21557 to pick a buy position.
Bob Stan
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