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We're buyers | 27 March 2023

27 March 2023, GBP/USD

We're buyers

GBPUSD has been bullish since last week. The market is in a corrective phase ( ABC corrective pattern). I expect the price to be bullish at least up to 1.2410 The market is forming higher highs and higher lows meaning the trend is still bullish. I expect this buy to by least up to 1.2410, that is where we expect the end of minor c corrective wave c to be. The price reaching this zone will mark the end of the corrective phase. you can place buy orders now with your profit target at 1.2410. The stop loss should be below the support zone (1.2182).

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We're buyers

Bob Stan
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