We're sellers | 30 November 2021

30 November 2021, GBP/USD

Wave Analysis

Just as EURUSD, the British pound rallied to the lowerside and is still showing signs of continuing much lower. As it is right now, we expect nothing but a possible momentum much lower. The idea on this chart is to keep looking for low risk sell positions expecting a possiblebreak below 1.32600 and may extend much lower. On this chart, sell positions looks ideal and can safely be recommended unless the price breaks and closes above 1.34281.

Trade Recommendations:

We're sellers towards 1.32005.

Bob Stan
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