We're waiting for the close of this month's candle, but, we could look for low risk buy positions. | 19 Agustus 2022

19 Agustus 2022, GBP/USD

Wave Analysis:

On the Monthly chart attached, the British pound continues to rally to the lowerside despite being on a monthly support zone 1.22254. This a monthly supportiove zone and while the priee remains aboe it, we don't expect the impulsive wave(5) to continue any lower. The idea on this chart will be to watch for a rebound from this zone to pick a buy position.
Trade Recommendations:
We're waiting for the close of this month's candle, but, we could look for low risk buy positions.
Bob Stan
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