Wait | 09 August 2022
09 August 2022, GBP/USD
Wave Analysis:
Just as in the EURO, the British pound is gaining a momentum to the lowerside. This is despite the fact that the price is around a significant monthly supportive zone, 1.21395-1.21400. While the price does not clearly close blow this zone on the monthly chart, we cchoose to remain on the sidelines only waiting for buy positions. However, a close below it will a tttract a possible long term sell positions.
Trade Recommendations:
Wait
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.
