18 Agustus 2022, GBP/USD
Wave Analysis:
During the previous trading day, the British pound failed to continue to the upperside, instead the price pulled back to the lowerside but is still above 1.20211-1.20113. As long as the price does not clearly break and close below this zone, we are going to be waiting on the sidelines, we want to see a clear breakout below this zone, to pick a low risk buy position with an ultimate target set at 1.22927-1.22760 and may likely extend much higher. On the otherside, should the price break and close below this zone, then we will be looking for a possible long term sell position towarrds 1.17840.
Trade Recommendations:
We're on the sidelines.
en 
cn 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
