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British Pound / U.S. Dollar

(GBPUSD) Mon, 14 November 2022 Setup 3

By Tenozen
GBPUSD

GBPUSD Long bias.
Status: Closed Position

What I see?
It seems that the market would go sideways as the volatility is low or it gonna go down hitting the next support level. The bull is pretty much weak right now, so best to wait for the market.

What I would do?
- I'll wait and see how the market goes, because the market will probably go sideways, I'll trade base on the given range (1.16199 - 1.18795).
- I'll do an entry on the next support level (1.16199 - 1.16403), but if it won't hit, I'll wait how the PPI MoM goes.

Key point:
- Best is to wait.

Happy Trading! Goodluck!
Fundamental AnalysisGBPUSDneutralneutralpositionTrend Analysis

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