We're on the sidelines | 26 Oktober 2021

26 Oktober 2021, GBP/USD

We're on the sidelines

Wave Analysis
Yesterday, the British pound rallied to the upperside and is still showing signs of continuing much higher. As it is now, we expect nothing but a possible correction towards the previous day's opening price to pick a possible long term sell buy position with an ideal target set at 1.3859 and may continue much higher. On the flipside, a break below the previous day's lowest low will attract a possible long term sell position.
Trade Recommendations:
We're on the sidelines
Bob Stan
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