We're buyers towards 1.22.

24 11月 2022, GBP/USD

Wave Analysis

During the previous trading day, Euro rallied to the upperside and is still showing signs of continuing to the upperside. As long as the price remains above the upper trendline, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (v) and will see the price rally towards 1.2100 and may continue upwards with the next ideal target set at 1.22.

Trade Recommendations:

We're buyers towards 1.22.

Graham Osano
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