We're looking for long term buying towards 1.71 | 22 October 2021
22 October 2021, GBP/USD
Wave Analysis
The British pound continues to consolidated above the upper trendline and is not showing any signs of breaking below it. While we continue to see sustenance above this trendline, we expect nothing but a possible momentum to the upperside and should head straight towards 1.7184 and may continue even higher. On this chart, long term buy positions looks ideal and can be recommended, however, we may see some bearish corrections before we see a rally to the upperside.
Trade Recommendations:
We're looking for long term buying towards 1.71
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.
