We're sellers towards 1.33565 | 03 November 2021

03 November 2021, GBP/USD

We're sellers towards 1.33565

Wave Analysis

The British pound is currently in an active downtrend. As long as the price is help below the previous day's lowest low, we expect nothing but a possible momentum to the lowerside. The ideal here is to keep looking for long term sell positions expecting a break below 1.33586 and could continue much lower towards 1.26560 or even lower. As it is now, buy positions looks a bit risky and may not be recommended.
Trade Recommendations:
We're sellers towards 1.33565
Bob Stan
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