GBPUSD – Wave structure maintains a bearish mood

21.12.2022

For the pair in question, the situation also remains stable. The price trades on previously reached values, periodically making weak attempts to break down. All this is going within the framework of development of correctional wave [iv].

Eventually, the movement will take place.

It is expected that the price will go down to the beginning of the development of wave 4 of [iii]. The potential is sufficient to try to make a profit on it.

In this regard, opening sell positions remains the most promising trading decision.

Recommendations: Sell 1.2160, SL 1.2185, TP 1.1800.