GBPUSD – The situation remains unchanged

19.10.2022

The British pound is in full solidarity with the euro and also during the last trading day could not make anything significant important to move further. However, the attempts to rise will not be abandoned.

The correction in a form of a zigzag, in a crooked way, but nevertheless will be formed. And further the dollar will go on the offensive again and return the price at least to the starting point of the whole growth, which we can observe now.

That’s what the situation looks like at the moment.

As long as there is a slight upside margin within the development of the wave iv, it is worth trying to buy at the current market values or at the renewal of the local maximum.

Recommendations: Buy 1.1350, SL 1.1325, TP 1.1550.