We're sellers towards 1.13 | 05 September 2022
05 September 2022, GBP/USD
Wave Analysis:
Last week, the British pound continued to the lowerside and is still showing signs of continuing much lower. On this chart, sellers are in complete control. The idea is to keep looking for low risk sell positions. The anticipated bearish price rally is the continuation of the last impulsive wave (5) towards 1.13 and may likely continue much lower. On this chart, we are looking for low risk sell orders. As it is now, buy positions looks a bit risky and may not be recommended.
Trade Recommendations:
We're sellers towards 1.13
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.
