We're sellers | 30 September 2021
30 September 2021, GBP/USD
Wave analysis
While the US Dollar is in an active up trend, the British pound is loosing value, on the chart basically we're looking forward to a possible surge much lower and could go as low as 1.31 or even lower. The idea here is to wait for a slight pullback to the upper side then pick a low risk sell position towards 1.32. On the other side, if the price Breaks above the previous weeks highest high, then this will be a good place to consider a possible long term buy position.
Trade recommendations
We're sellers
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
